Categories AlphaGraphs, Earnings, Other Industries
Virgin Galactic reopens sales, posts lower-than-expected losses in Q2
Virgin Galactic Holdings (NYSE: SPCE) reported second-quarter 2021 financial results after the regular market hours on Thursday. The space tourism company reported Q2 revenue of $571,000, higher than the Wall Street projection of $380,000. Net loss of $0.39 per share was also 6 cents narrower than the target that analysts had anticipated.
SPCE shares jumped 7% immediately following the announcement. The stock has gained 36% since the beginning of this year.
Michael Colglazier, Chief Executive Officer of Virgin Galactic, said, “Leveraging the surge in consumer interest following the Unity 22 flight, we are excited to announce the reopening of sales effective today, beginning with our Spacefarer community. As we endeavor to bring the wonder of space to a broad global population, we are delighted to open the door to an entirely new industry and consumer experience.”
Prior performance
Most Popular
Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump?
The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive
General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward
Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to
IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million
It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management
