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.
Latest economic data evoked mixed sentiment this week -- the rebound in economic activity has raised inflation concerns while jobless claims declined for the sixth week in a row. The
Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first
The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive