Virgin Galactic Earnings Miss as It Plans Return to Flight
- Branson-founded company plans new spaceflights starting in May
- CEO Colglazier says Virgin Galactic to fly regularly this year
A monitor displays Virgin Galactic Holdings Inc. on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Virgin Galactic Holdings Inc. broadly missed estimates for the first quarter even as the space-tourism company plans commercial flights for later this year.
The company reported first-quarter revenue of $0.39 million, much less than the $1.37 million analysts had expected. It also lost an adjusted 57 cents per share, more than the 52 cents-per-share loss Wall Street analysts had expected.