TUSTIN, Calif. (AP) — TUSTIN, Calif. (AP) — Virgin Galactic Holdings, Inc. (SPCE) on Wednesday reported a loss of $104.6 million in its third quarter.

On a per-share basis, the Tustin, California-based company said it had a loss of 28 cents.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The company posted revenue of $1.7 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.1 million.

For the current quarter ending in December, Virgin Galactic said it expects revenue in the range of $3 million.

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