Shares in space tourism company Virgin Galactic Holdings surged more than 10% in after-hours trading following a renewed commitment to resume private astronaut flights in the autumn of next year.
In its second-quarter earnings release, the Tustin-based company(NYSE: SPCE)  also said the net loss per share was $1.47, better than analysts’ expectations of a $2.22 net loss. Revenue for the period was $400,000, less than the $450,000 predicted by the average of six analysts cited by Yahoo Finance
Virgin Galactic said its cash position remains strong, with cash, cash equivalents and marketable securities of $508 million as of June 30.
The shares were trading at $4.19 apiece as of 5:12 p.m. in New York, after closing down 5.3% at $3.78 each.
For further details, see the Aug. 18 print edition
