Virgin Galactic Holdings Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-08

Virgin Galactic Holdings (NYSE:SPCE) Third Quarter 2024 Results Key Financial Results Net loss: US$74.5m (loss narrowed by 29% from 3Q 2023). US$2.67 loss per share (improved from US$5.57 loss in 3Q ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 48%. Earnings per share  also surpassed analyst estimates by 29%.Looking ahead, revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Aerospace & Defense industry in the US.Performance of the American Aerospace & Defense industry.The company's shares are down 4.4% from a week ago.We should say that we've discovered 3 warning signs for Virgin Galactic Holdings (1 is a bit concerning!) that you should be aware of before investing here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SPCE":"维珍银河"},"translate_title":"维珍银河控股2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPCE":1},"content_text":"Virgin Galactic Holdings (NYSE:SPCE) Third Quarter 2024 Results\nKey Financial Results\n\nNet loss: US$74.5m (loss narrowed by 29% from 3Q 2023).\nUS$2.67 loss per share (improved from US$5.57 loss in 3Q 2023).\n\n\n\n\n  NYSE:SPCE Earnings and Revenue Growth November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nVirgin Galactic Holdings Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) also surpassed analyst estimates by 29%. \n Looking ahead, revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Aerospace & Defense industry in the US. \nPerformance of the American Aerospace & Defense industry.\n The company's shares are down 4.4% from a week ago. \nRisk Analysis\n We should say that we've discovered 3 warning signs for Virgin Galactic Holdings (1 is a bit concerning!) that you should be aware of before investing here. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481172359"}