Categories AlphaGraphs, Earnings, Other Industries
Virgin Galactic (SPCE) stock slumps after Q1 earnings miss
Virgin Galactic (NYSE: SPCE) reported first-quarter 2020 financial results after the regular market hours on Monday. The space tourism company reported zero revenue in the first quarter, compared to $238,000 a year ago. Net loss of $0.55 per share was, meanwhile, wider than the average street estimate.
SPCE shares fell 4% immediately following the announcement. The stock has fallen 22% in the trailing 12 months.
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