Virgin Galactic Results Missed Expectations. Why Its Shares Are Rising Anyway. - Barron's

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Space tourism pioneer Virgin Galactic reported a larger-than-expected second quarter loss Thursday evening. But earnings don’t matter for the pre-sales start-up. Investors are focused on other things—new flight pricing being chief among them. Shares are rising in Friday premarket trading.

Virgin Galactic (ticker: SPCE) stock is up 3.5% in premarket trading. S&P 500 and Dow Jones Industrial Average futures are both up about 0.1%.

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August 06, 2021 at 07:11PM
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Virgin Galactic Results Missed Expectations. Why Its Shares Are Rising Anyway. - Barron's
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