Virgin Galactic Hldgs Q4 2023 GAAP EPS $(0.26) Beats $(0.30) Estimate, Sales $2.81M Miss $2.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virgin Galactic Holdings (SPCE) reported Q4 2023 GAAP EPS of $(0.26), surpassing the $(0.30) estimate, but its sales of $2.81M fell short of the $2.98M forecast. This represents a 223.25% increase in sales compared to the same period last year.
February 27, 2024 | 9:17 pm
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Virgin Galactic Holdings reported a smaller than expected quarterly loss and a significant year-over-year sales increase, but missed sales estimates.
The mixed earnings report from Virgin Galactic, with a better-than-expected EPS but a miss on sales forecasts, presents a nuanced picture for investors. The significant year-over-year sales growth indicates progress, but the miss on sales estimates could temper investor enthusiasm. The overall impact on the stock price is likely to be neutral in the short term as these factors balance each other out.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100