Virgin Galactic Hldgs Q1 2024 Adj EPS $(0.25) Beats $(0.29) Estimate, Sales $2.00M Beat $1.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virgin Galactic Holdings (NYSE:SPCE) reported Q1 2024 adjusted EPS of $(0.25), surpassing the $(0.29) estimate, with sales of $2.00M exceeding the $1.92M forecast. This represents a 410.20% increase in sales compared to the same period last year.
May 07, 2024 | 8:14 pm
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Virgin Galactic Holdings reported a significant beat on both EPS and sales estimates for Q1 2024, with a notable year-over-year sales increase.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. The substantial year-over-year sales growth further underscores the company's improving financial health and operational success, which could bolster investor confidence and drive stock performance.
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