Virgin Galactic Results Missed Expectations. Why Its Shares Are Rising Anyway. - Barron's

Space tourism pioneer Virgin Galactic reported a larger-than-expected second quarter loss Thursday evening. But earnings don’t matter for the pre-sales start-up. Investors are focused on other things—new flight pricing being chief among them. Shares are rising in Friday premarket trading.

Virgin Galactic (ticker: SPCE) stock is up 3.5% in premarket trading. S&P 500 and Dow Jones Industrial Average futures are both up about 0.1%.

Galactic...

Adblock test (Why?)

Article From & Read More ( Virgin Galactic Results Missed Expectations. Why Its Shares Are Rising Anyway. - Barron's )
https://ift.tt/3AamYKm
Business

Bagikan Berita Ini