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Shares of Virgin Galactic Holdings Inc (NYSE:SPCE) rose sharply in pre-market trading after the company reported financial results for the fourth quarter.
Virgin Galactic reported fourth-quarter revenue of $312,000, missing estimates of $495,000, according to Benzinga Pro. The aerospace and space travel company reported a fourth-quarter loss of 98 cents per share, beating estimates for a loss of $1.05 per share. Virgin Galactic said it’s progressing on support testing of its second SpaceShip, which is expected to enter service late in the fourth quarter to early in the first quarter.
Virgin Galactic shares jumped 6% to $2.30 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Hitek Global Inc (NASDAQ:HKIT) gained 137.7% to $0.095 in pre-market trading after dipping 27% on Monday. The move followed the company’s announcement of a registered direct offering of securities to certain investors.
- Megan Holdings Ltd (NASDAQ:MGN) gained 50.4% to $0.21 in pre-market trading after dipping 16% on Monday.
- Artelo Biosciences Inc (NASDAQ:ARTL) gained 34.4% to $11.73 in pre-market trading. Artelo Biosciences announced closing of $11.0 million private placement priced at-the-market under Nasdaq rules.
- Oxbridge Re Holdings Ltd (NASDAQ:OXBR) rose 30.2% to $1.13 in pre-market trading after reporting fourth-quarter earnings.
- 3 E Network Technology Group Ltd (NASDAQ:MASK) rose 25.8% to …
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