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.

Virgin Galactic Q3 2020 earnings infographic

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

Netflix (NFLX): Four reasons why this leader will not be easy to overthrow

Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also

Fastenal (FAST) sees strong post-COVID prospects: Is the stock a buy?

The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,

HEXO Corp. (HEXO) Earnings: 3Q21 Key Numbers

HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5

Add Comment
Viewing Highlight