$NVAX Novavax: 1Q Earnings Snapshot --->
GAITHERSBURG, Md. (AP) _ Novavax Inc. (NVAX) on Wednesday reported a loss of $46.4 million in its first quarter.
On a per-share basis, the Gaithersburg, Maryland-based company said it had a loss of 14 cents.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 14 cents per share.
The vaccine maker posted revenue of $9.7 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $9.3 million.
In the final minutes of trading on Wednesday, the company's shares hit $1.71. A year ago, they were trading at 85 cents.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVAX at https://www.zacks.com/ap/NVAX
Read More: https://investorshangout.com/post/view?id=503...z5F6M7H5yk
GAITHERSBURG, Md. (AP) _ Novavax Inc. (NVAX) on Wednesday reported a loss of $46.4 million in its first quarter.
On a per-share basis, the Gaithersburg, Maryland-based company said it had a loss of 14 cents.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 14 cents per share.
The vaccine maker posted revenue of $9.7 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $9.3 million.
In the final minutes of trading on Wednesday, the company's shares hit $1.71. A year ago, they were trading at 85 cents.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVAX at https://www.zacks.com/ap/NVAX
Read More: https://investorshangout.com/post/view?id=503...z5F6M7H5yk
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