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Virgin Galactic misses on revenue, reports lower Q1 earnings

Virgin Galactic's supersonic rocket plane.
Getty Images via CNN
Virgin Galactic's supersonic rocket plane.
By
Published 3:23 PM

LAS CRUCES, N.M. (AP) _ Virgin Galactic Holdings, Inc. (SPCE) on Monday reported a loss of $129.7 million in its first quarter.

The Las Cruces, New Mexico-based company said it had a loss of 55 cents per share.

Virgin Galactic shares have declined 24% since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.95, a decline of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPCE at https://www.zacks.com/ap/SPCE

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