Novavax: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 06:51 AM ET
Last Updated - Jun 21, 2023, 09:43 PM EDT
GAITHERSBURG, Md. (AP) — GAITHERSBURG, Md. (AP) — Novavax Inc. (NVAX) on Tuesday reported a loss of $293.9 million in its first quarter.
The Gaithersburg, Maryland-based company said it had a loss of $3.41 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $3.38 per share.
The vaccine maker posted revenue of $81 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $137.2 million.
