News Formal

Virgin Galactic’s stock soars after company rakes up $1.7 million in revenue from space tourism

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

Virgin Galactic Holdings Inc.

shares rose more than 10% in the after-hours session Wednesday after the space-tourism company narrowed its quarterly loss and doubled its revenue, topping Wall Street expectations. Virgin Galactic lost $105 million, or 28 cents a share, in the quarter, compared with $146 million, or 55 cents a share, in the year-ago quarter. The improvement was mostly due to lower operating expenses and an increase in interest income, the company said. Revenue rose to $1.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tripadvisor’s stock jumps 9%, company’s quarterly sales rose 16%Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
Source: MarketWatch - 🏆 3. / 97 Read more »

CarGurus’ stock leaps 6% on earnings beat, deal to buy CarOfferClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
Source: MarketWatch - 🏆 3. / 97 Read more »