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 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Virgin Galactic Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) 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.

Risk Analysis

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.

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