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Benzinga
Benzinga
Business
Adam Eckert

Failure To Launch: Why Virgin Galactic Shares Are Falling After Hours

Virgin Galactic Holdings Inc (NYSE:SPCE) shares are trading lower in Thursday's after-hours session after the company reported financial results.

Virgin Galactic reported a first-quarter net loss of $93 million, which was improved from a net loss of $130 million year-over-year. The company reported an adjusted EBITDA loss of $77 million, which was worse than a loss of $56 million in the prior year's quarter. 

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