TUSTIN, Calif. (AP) — TUSTIN, Calif. (AP) — Virgin Galactic Holdings, Inc. (SPCE) on Tuesday reported a loss of $104 million in its fourth quarter.
The Tustin, California-based company said it had a loss of 26 cents per share. Losses, adjusted for non-recurring costs, were 25 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The company posted revenue of $2.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $3 million.
For the year, the company reported a loss of $502.3 million, or $1.49 per share. Revenue was reported as $6.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPCE at https://www.zacks.com/ap/SPCE