Rocket Lab reports US$85m loss, 70% revenue jump
Markets

Rocket Lab reports US$85m loss, 70% revenue jump

Rocket Lab shares jumped to US$5.43 (NZ$9.04) in after-market trading (from a US$4.77 close) after the Kiwi-American firm reported June quarter revenue that jumped 70% to US$106.2 million versus the year-ago quarter.The increase came from more launches, but also “significant grow...

Manawa Energy blames defaulting retail company for earnings guidance downgrade
Markets

Manawa Energy blames defaulting retail company for earnings guidance downgrade

The independent hydro generator has also been hit by dry and calm weather.

Staff reporters 08 Aug 2024
Allbirds makes another big quarterly loss, reveals more on restructure
Retail

Allbirds makes another big quarterly loss, reveals more on restructure

Allbirds has suffered another quarter of falling revenue and more red ink, but its net loss has narrowed, and the firm says it is progressing with a restructure.It said its full-year ebitda loss could be slightly less than predicted in March.The firm's June quarter net loss w...

Staff reporters 08 Aug 2024

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