Virgin Galactic Hldgs Q3 EPS $(0.28) Beats $(0.43) Estimate, Sales $1.73M Beat $1.07M Estimate
Portfolio Pulse from bharat@benzinga.com
Virgin Galactic Hldgs (NYSE:SPCE) reported Q3 losses of $(0.28) per share, beating the analyst consensus estimate of $(0.43) by 34.88%. This is a 49.09% increase over losses from the same period last year. The company also reported quarterly sales of $1.73 million, beating the analyst consensus estimate of $1.07 million by 61.50%. This is a 125.29% increase over sales from the same period last year.
November 08, 2023 | 9:24 pm
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Virgin Galactic Hldgs reported better than expected Q3 results, with losses per share and sales beating analyst estimates.
Virgin Galactic Hldgs reported Q3 results that were better than expected, with losses per share of $(0.28) beating the analyst consensus estimate of $(0.43) and sales of $1.73 million beating the estimate of $1.07 million. This positive earnings surprise could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100