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

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.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

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.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »