Virgin Galactic Hldgs Q2 EPS $(0.46) Beats $(0.51) Estimate
Portfolio Pulse from Benzinga Newsdesk
Virgin Galactic Hldgs (NYSE:SPCE) reported Q2 losses of $(0.46) per share, beating the analyst consensus estimate of $(0.51) by 9.8 percent. However, this represents a 6.98 percent increase in losses compared to the same period last year.
August 04, 2023 | 10:29 am
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Virgin Galactic's Q2 losses were less than expected, but increased compared to last year. This mixed result could lead to uncertain market reactions.
Virgin Galactic's Q2 results were better than expected, which is generally positive for the stock. However, the increase in losses compared to the same period last year could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
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