Why Virgin Galactic Stock Collapsed After Earnings
Virgin Galactic (NYSE: SPCE) reported its Q4 and full-year earnings last night, and if you look at the stock price right now, at 11 a.m. EST, you can see it's down 11.9% and safely assume that the news wasn't great -- you'd be right about that.
Expected to report $0.31 per share in losses on de minimis revenue for Q4, Virgin did precisely that. However, the news gets even worse.
Image source: Getty Images.
Source Fool.com
