Elon Musk-led rocket company posts 9-cent Q2 loss, beats estimates

The company reported a second-quarter loss of 9 cents per share, narrower than the 26-cent per-share loss analysts expected, based on LSEG data.

Summary

An Elon Musk-led rocket company reported a second-quarter loss of 9 cents per share, outperforming analyst expectations for a 26-cent per-share loss compiled by LSEG. The result indicates earnings came in better than Wall Street had projected, even though the company remained loss-making for the quarter.

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