Terran Orbital Corporation has announced a loss for the fourth quarter, which unfortunately fell short of Wall Street predictions.
In this quarter, the company's earnings reached a negative of $42.8 million, equating to negative $0.21 per share. This presents a notable increase from the previous year's fourth quarter, where the loss was $33.0 million, or negative $0.34 per share.
Contrary to the average expectation of the company's earnings standing at negative $0.20 per share according to Thomson Reuters' compiled figures, actual earnings were a cent higher per share. As per usual, these analysts' estimates didn't factor in any extraordinary or non-recurring items.
As for the company's revenue for the quarter, there was a marginal 0.9% decrease, settling at $31.6 million, down from $31.9 million from the previous year.
Here is a quick overview of Terran Orbital Corporation's earnings, following Generally Accepted Accounting Principles (GAAP):
In the fourth quarter, there was a loss of $42.8 million, compared to the loss of $33 million in the previous year. The earnings per share (EPS) for the fourth quarter stood at negative $0.21, compared to negative $0.34 in the previous year. Lastly, there was a slight decrease in revenue for the fourth quarter at $31.6 million, down from $31.9 million last year.
