Small-rocket maker Rocket Lab (NASDAQ: RKLB) ended the week up 4% after reporting mixed earnings Tuesday evening. The leading space stock in the category of small-rocket launches reported $54.9 million in first-quarter revenue (better than expected), $0.10 per share in net losses (worse than expected), and guided investors to expect no more than $63 million in Q2 sales (worse than expected).

So, good news -- and bad news, too.  

On balance, though, investors seemed willing to accentuate the positive in this report -- and no wonder. Rocket Lab's 35% year-over-year increase in revenue was certainly impressive, and the stock's 73% increase in gross profit suggests that Rocket Lab is starting to see benefits from a larger scale of operations as it grows.

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Source Fool.com