Yahoo Finance Virgin Galactic Holdings First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Virgin Galactic Holdings (NYSE:SPCE) First Quarter 2024 Results
Key Financial Results
Net loss: US$102.0m (loss narrowed by 36% from 1Q 2023).
US$0.26 loss per share (improved from US$0.57 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Virgin Galactic Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Aerospace & Defense industry in the US.
Performance of the American Aerospace & Defense industry.
The company's shares are up 13% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Virgin Galactic Holdings that we have uncovered.
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