Virgin Galactic’s VSS Unity passenger rocket plane carrying billionaire entrepreneur Richard Branson and his crew lands after reaching the edge of space over Spaceport America near Truth or Consequences, New Mexico, the United States, July 11, 2021.
Joe Skipper | Reuters
Check out the companies that are making the headlines in after-hours trading.
Virgin Galactic – Virgin Galactic shares rose 6% after the company announced quarterly results and announced it would resume ticket sales. The aerospace company reported an adjusted EBITDA loss of $ 56 million in the second quarter, up slightly from a loss of $ 55.9 million in the previous quarter. Revenue for the second quarter was $ 571,000.
TripAdvisor – The travel company’s shares rose slightly in expanded trading as the company beat expectations in the second quarter. TripAdvisor lost seven cents per share with no items, which Refinitiv estimates was less than its expected loss of 11 cents per share. Revenue was $ 235 million, ahead of an expected $ 188 million.
Beyond Meat – Beyond Meat stocks were down 4% after missing earnings estimates in the second quarter. The meat alternatives company lost 31 cents per share, which Refinitiv estimates was higher than analysts had expected with a loss of 24 cents. Revenue was $ 149.4 million, up over the $ 140.8 million analysts had expected.
Dropbox – The cloud storage company’s stock rose about 4% after Dropbox announced earnings for the second quarter. The company earned 40 cents per share for the quarter without items, which was above the 33 cents surveyed by Refinitiv. Revenue of $ 531 million was also above the expected $ 524 million.
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