5/10, 10:11 PM (Source: TeleTrader)
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Virgin Galactic's loss per share at $0.55 in Q1

Virgin Galactic said on Monday that its loss per share in the first quarter of 2021 stood at $0.55, improving from a loss of $1.86 per share from the same period in 2020 but missing estimates.

The company noted it unveiled its first SpaceShip III class vehicle VSS Imagine near the end of the quarter and added its estimate for total future astronauts remained at 600 as of March 31.

"We continue to make strides towards our strategic objectives and have solid momentum as we focus on completing our flight test program," CEO Michael Colglazier stated.

Virgin Galactic shares slid over 6% in after-hours trading on worse-than-expected results.

Breaking the News / NP