Virgin Galactic narrows losses, but the space-tourism stock drops

Virgin Galactic Holdings Inc. lost less money than expected in the latest quarter, but its stock declined in Tuesday’s extended session. The aerospace and space-travel company logged a fiscal fourth-quarter net loss of $104 million, or 26 cents a share, whereas it lost $151 million, or 55 cents a share, in the year-before quarter. Analysts tracked by FactSet were expecting a 30-cent loss per share. Virgin Galactic SPCE, +6.74% also posted an $84 million loss on the basis of adjusted earnings before int ...