Shares of Terran Orbital Corp. shot up 22.5% in premarket trading Tuesday, after the satellite products maker reported fourth-quarter revenue that tripled to...
Shares of Terran Orbital Corp.
shot up 22.5% in premarket trading Tuesday, after the satellite products maker reported fourth-quarter revenue that tripled to beat expectations, while losses narrowed but missed expectations. Net losses were $33.1 million, or 23 cents a share, after a loss of $40.2 million, or 51 cents a share, in the year-ago period. The FactSet consensus for per-share losses was 21 cents. Revenue soared 197% to $31.9 million, above the FactSet consensus of $31.
shot up 22.5% in premarket trading Tuesday, after the satellite products maker reported fourth-quarter revenue that tripled to beat expectations, while losses narrowed but missed expectations. Net losses were $33.1 million, or 23 cents a share, after a loss of $40.2 million, or 51 cents a share, in the year-ago period. The FactSet consensus for per-share losses was 21 cents. Revenue soared 197% to $31.9 million, above the FactSet consensus of $31.
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