DoorDash, Beyond Meat and Virgin Galactic report quarter earnings
DoorDash released its very first earnings report as a public company on Thursday. While the food delivery company posted a beat on revenue, it reported a massive net loss for the quarter.
Beyond Meat posted a steeper than expected quarterly loss due to weaker restaurant sales amid the pandemic. However, the company did make a slew of brand announcements which quelled investor fears amid the weak report.
Virgin Galactic reported a slightly narrower-than-expected loss for its fourth quarter. It also announced delays to both its spaceflight test and its timeline for flying passengers into space.