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TUSTIN, Calif. (AP) — TUSTIN, Calif. (AP) — Virgin Galactic Holdings, Inc. (SPCE) on Wednesday reported a loss of $76.4 million in its fourth quarter.
On a per-share basis, the Tustin, California-based company said it had a loss of $2.53.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $3.60 per share.
The company posted revenue of $429,000 in the period.
For the year, the company reported a loss of $346.7 million, or $13.89 per share. Revenue was reported as $7 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