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

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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.

 

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