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0.00108303249097464 0 0.00540794223826711 0.00108303249097464 -0.0487364620938629 -0.0433212996389893 -0.036101083032491 -0.0398916967509025
Stock impact report

Virgin Galactic Earnings: What Investors Need to Know [The Motley Fool]

Virgin Galactic Holdings, Inc. (SPCE) 
Company Research Source: The Motley Fool
Virgin Galactic Earnings: What Investors Need to Know Virgin Galactic stock is down more than 7% on Wednesday following the space-tourism pioneer's Q4 earnings release. Virgin Galactic Holdings ( NYSE:SPCE ) , which is pioneering space tourism, reported fourth-quarter and full-year 2019 results after the market closed on Tuesday. Shares are down 7.5% as of 2:36 p.m. EST on Wednesday, while the S&P 500 is flat. We can probably attribute the market's negative reaction at least in part to the company's revenue and adjusted earnings before interest, taxes, and depreciation ( EBITDA ) results falling short of Wall Street's expectations. However, there are two key things to note on this topic. First, this is a "story stock," so current results matter extremely little. Second, the novel coronavirus' effect on the stock market since Monday doesn't allow for a clear picture of how the market is reacting to other specific events, such as earnings releases. Where the stock's price ends up on W Show less Read more
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