FILE PHOTO: Virgin Galactic (SPCE) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) as the company begins public trading in New York, U.S., October 28, 2019. REUTERS/Brendan McDermid
(Reuters) - Billionaire Richard Branson's Virgin Galactic Holdings Inc said on Monday it was evaluating the timing of its next flight test, sending shares down 9.4% in extended trade.
"Following Eve's last post slide inspection, we tagged a potential wear and tear issue as requiring further evaluation and analysis to see if any additional action is necessary," said Michael Moses, president of the company's space missions & safety, on a post earnings conference call.
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