Virgin Galactic Beats EPS Estimates But Misses on Revenue, Guides Lower for 2024
- SPCE earnings per share beat estimates at -$0.26 vs expected -$0.30
- Revenue was $2.81 million, missing expectations by $160,000
- Q1 2024 revenue guidance is $2 million
- Expected free cash flow between -$135 million and -$125 million
- Analysts have a Moderate Buy rating on SPCE stock with $2.75 average price target