In the fourth quarter of 2021, Virgin Galactic posted a loss of $0.31 per share. That was down from last year, when the company was down $0.44 per share. Analysts had previously forecast earnings per share of -$0.345.
Founded by billionaire Richard Branson, the company’s revenue was $141,000 for the quarter, up from $0 in the same period last year. Analysts had expected the company to post low sales.
For the full fiscal year 2021, the loss was $1.43 per share, down from a loss of $2.94/share in the prior year. Analysts had expected a loss of $1.50 per share.
In terms of sales, Virgin Galactic generated USD 3.29 in the past fiscal year. Experts had expected it to be worth $3.36 million in 2021, up from $240,000 the previous year.
On the NYSE, shares of Virgin Galactic were up 6.39 percent at $8.32 in an after-hours session.
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