Venture Global Stock Falls 30% On Decline In Q4 Revenue

(RTTNews) - Venture Global, Inc. (VG) is trading at $9.90, down 30.43 percent or $4.33 on Thursday, after reporting a drop in revenue for the fourth quarter.

The company's revenue was $1,524 million for the fourth quarter, down from $1,632 million in the previous period. Despite the revenue decline, net income improved to $871 million, compared to a net loss of $50 million.

The stock opened at $11.38 and has traded between $9.55 and $11.73 today, compared to its previous close of $14.23. The current volume is 26.57 million shares, significantly exceeding the average volume of 6.80 million. The stock's 52-week range is $9.55 to $24.00.