Investing.com - Virgin Orbit Holdings reported on Monday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Virgin Orbit Holdings announced earnings per share of $-0.13 on revenue of $30.91M. Analysts polled by Investing.com anticipated EPS of $-0.13 on revenue of $12.50M.
Virgin Orbit Holdings shares are up 100% from the beginning of the year, still down 74.11% from its 52 week high of $11.28 set on January 11.
Virgin Orbit Holdings follows other major Industrials sector earnings this month
Virgin Orbit Holdings's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $16.95B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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