Rocket Lab stock slips after revenue beat couldn't offset wider-than-expected loss

What happened: Rocket Lab reported quarterly revenue that beat expectations, but its net loss widened from a year earlier, and the stock slipped after the results. Key numbers: Revenue rose 73% to $267.8 million. Net loss widened to $79.7 million from $18.3 million a year earlier. Why it matters: The wider-than-expected loss outweighed the revenue beat, and the stock fell following the report. Coverage: 3 outlets in 24h

Rocket Lab reported quarterly revenue that beat expectations, but its net loss widened from a year earlier, and the stock slipped after the results.

The wider-than-expected loss outweighed the revenue beat, and the stock fell following the report.