US Stock Market Move | Q1 performance guidance is weak, Rocket Lab (RKLB.US) fell more than 14% in pre-market trading.

On Friday, Rocket Lab (RKLB.US) plunged more than 14% in pre-market trading, dropping to $17. On the news front, the company's fourth-quarter earnings report fell short of expectations, and it provided disappointing performance guidance. The launch services and space systems provider reported a loss of $0.10 per share for the fourth quarter of 2024, which was $0.01 more than the analyst's expected loss of $0.09 per share. Revenue reached $1.324 billion, exceeding the market's expectations of $1.2961 billion, representing a 382% increase compared to the fourth quarter of 2021. However, Rocket Lab's outlook for the first quarter of 2025 did not meet Wall Street's expectations. The company expects revenue for the first quarter to be between $1.17 billion and $1.23 billion, lower than the analyst's expected $1.364 billion.