Virgin Galactic Loses Money, Raises Prices. Is the Stock a Buy?

Share prices of space tourism stock Virgin Galactic (SPCE) tumbled as much as 16% in the days following its fourth-quarter earnings release last week. The reason wasn't obvious on the surface. In its report, Virgin Galactic management noted that its Q4 losses were smaller than analysts had forecast -- only $0.26 per share instead of$0.30 per share. Management also admitted that sales underperformed expectations, coming in at $2.8 million instead of the expected$3 million.Such a report would seem to set up ...