Virgin Galactic Announces Third Quarter 2022 Financial Results And Provides Business Update

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Virgin Galactic (SPCE) PT Lowered to $11 at Jefferies

November 7, 2022 8:42 AM EST

Jefferies analyst Greg Konrad lowered the price target on Virgin Galactic (NYSE: SPCE) to $11.00 (from $14.00) while maintaining a Buy rating.

The analyst commented, "Q3 results point to ongoing investments to expand capacity w/$107MM of Q3 FCF usage increasing to $126MM in... More

Virgin Galactic Holdings (SPCE) Misses Q3 EPS by 14c; Commercial Launch Remains on Track for Q2 2023

November 3, 2022 5:10 PM EDT

Virgin Galactic Holdings (NYSE: SPCE) reported Q3 EPS of ($0.55), $0.14 worse than the analyst estimate of ($0.41). Revenue for the quarter came in at $767 thousand versus the consensus estimate of $107.13 thousand.

Commercial Launch Remains on Track for Q2 2023.

For earnings history and earnings-related data on Virgin Galactic Holdings (SPCE) click here.

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