Categories AlphaGraphs, Earnings, Industrials
Infographic: Highlights of Virgin Galactic’s (SPCE) Q3 2020 financial results
Virgin Galactic Holdings, Inc. (NYSE: SPCE) on Thursday reported a net loss for the third quarter of 2020, reflecting the continuing impact of virus-related disruption.
The company posted a net loss of $76.9 million or $0.34 per share for the September-quarter, compared to a loss of $51.53 million or $0.27 per share last year. The deterioration was bigger than expected. Elevated costs and expenses negatively impacted the bottom-line performance.
The aviation firm did not generate revenue in the third quarter, as it did in the preceding quarter. In the third quarter of 2019, revenues were around $832,000
Read management/analysts’ comments on Virgin Galactic’s Q3 results
Virgin Galactic’s stock had a positive start to 2020 and made solid gains in the early days of the year, before retreating and trading flat in the following weeks. The stock gained on Thursday evening following the announcement.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
