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.

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Source Fool.com