Virgin Galactic Holdings Inc (NYSE: SPCE) shares are taking off in Wednesday's after-hours session after the company reported third-quarter results. Here's a rundown of the report.
What Happened: Virgin Galactic reported second-quarter revenue of $1.7 million. The company's top-line results more than doubled on a year-over-year basis, driven by commercial spaceflight and membership fees related to future astronauts.
The space tourism company reported a net loss of 28 cents per share, which was improved from a loss of 55 cents per share in the prior year's ...
SPCE) Stock Blasts Off On Q3 Earnings: Astronauts Report 'Overwhelmingly Positive Experience'>Full story available on Benzinga.com