Virgin Galactic (SPCE) Reports Q3 Loss, Misses Revenue Estimates
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Virgin Galactic (SPCE) reported a Q3 loss of $2.66 per share, which was better than the Zacks Consensus Estimate of a $4.10 loss. This is an improvement from the $5.60 loss per share a year ago.

November 07, 2024 | 12:00 am
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Virgin Galactic reported a Q3 loss of $2.66 per share, better than the expected $4.10 loss, showing improvement from last year's $5.60 loss.
The better-than-expected earnings report, with a smaller loss than anticipated, is likely to have a positive short-term impact on SPCE's stock price. The improvement from the previous year's loss also suggests progress, which could boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100