Virgin Galactic (SPCE) reported mixed fourth-quarter results Tuesday after relaunching ticket sales earlier this month. SPCE stock rose late.
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Estimates: FactSet analysts see a loss of 35 cents per share vs. a loss of 31 cents per share in the year-ago quarter. Revenue is seen rising to $300,000 from $0.
Results: A loss of 32 cents per share on revenue of $141,000.
Stock: Shares rose 3.7% to 8.11 in late trading on the stock market today.
Ticket Sales Reopen
The commercial space company reopened ticket sales to the general public on Feb. 16. Sales had been closed since October after they were briefly opened following founder Richard Branson’s flight in July.
“We plan to have our first 1,000 customers on board at the start of commercial service later this year, providing an incredibly strong foundation as we begin regular operations and scale our fleet,” CEO Michael…
