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Virgin Galactic's Q1 Loss Shrinks

05/10/2021 13:01

04:46 PM EDT, 05/10/2021 (MT Newswires) -- Virgin Galactic (SPCE) said Monday that its Q1 loss narrowed to $0.55 per share from a loss of $1.86 per share a year ago.

Analysts polled by Capital IQ had expected a loss of $0.28 per share.

The company did not report any revenue for the quarter.

Cash and cash equivalents totaled $617 million as of March 31.

Shares of the company were down over 4% in after-hours trading.

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