Virgin Galactic Stock Rises After Q3 Earnings Beat
Virgin Galactic's shares climbed more than 4% in after-hours trading following a third-quarter earnings report that showcased disciplined cost management and steady progress toward its 2026 commercial launch timeline. Revenue of $365,000—though down 9.2% year-over-year—exceeded the $315,000 analyst consensus. The space tourism company narrowed its per-share loss to $1.09, significantly better than both the expected $1.48 loss and prior-year's $2.66 deficit.
Wall Street remains cautious, with a Moderate Sell rating based on recent analyst assessments. The average price target of $3.28 suggests minimal downside, though revisions are likely post-earnings. Operational updates emphasized improved cash burn metrics, providing tangible milestones for investors awaiting the Delta-class spacecraft's debut.
