Virgin Galactic: Q1 Earnings Snapshot
By Ap News
Published - May 07, 2024, 06:03 PM ET
Last Updated - May 07, 2024, 06:03 PM EDT
TUSTIN, Calif. (AP) — TUSTIN, Calif. (AP) — Virgin Galactic Holdings, Inc. (SPCE) on Tuesday reported a loss of $102 million in its first quarter.
On a per-share basis, the Tustin, California-based company said it had a loss of 25 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The company posted revenue of $2 million in the period, which met Street forecasts.
