Virgin Galactic Hldgs Q2 EPS $(0.46) Beats $(0.51) Estimate, Sales $1.87M Beat $1.26M Estimate
Portfolio Pulse from sunil@benzinga.com
Virgin Galactic Hldgs (NYSE:SPCE) reported Q2 EPS of $(0.46), beating the analyst consensus estimate of $(0.51) by 9.8%. The company also reported quarterly sales of $1.87M, beating the analyst consensus estimate of $1.26M by 48.49%. This represents a 424.09% increase over sales from the same period last year.
August 04, 2023 | 10:36 am
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POSITIVE IMPACT
Virgin Galactic Hldgs reported better than expected Q2 earnings and sales, which could positively impact the stock.
Virgin Galactic Hldgs reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100