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Moderna climbs as 4th-quarter sales blow past expectations and 2021 forecasts surge
1 month ago | By Business Insider
Summary List Placement Shares of Moderna soared as high as 10% on Thursday after the biotech company revealed fourth-quarter sales that were more than double Wall Street estimates. The company also revealed a forecast of $18.4 billion in Covid-19 vaccine sales for 2021. Shares of the drugmaker pared earlier gains to close at $148.38, up about 2.5%.
The Cambridge, Massachusetts-based company reported a loss of $0.69 a share on sales of $570.7 million, double the $0.34 a share on sales of $279.4 million that analysts polled by FactSet expected.
In the same period last year, Moderna lost 37...
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Moderna climbs as 4th-quarter sales blow past expectations and 2021 forecasts surge
1 month ago | By Business Insider
Moderna's COVID-19 vaccine is one of two that have been authorized for emergency use to fight the pandemic across the US. The other vaccine available is from Pfizer.
Radek Mica /AFP via Getty Images
Shares of Moderna soared as high as 10% on Thursday after it revealed fourth-quarter sales more than double Wall Street estimates.
The company also revealed a forecast of $18.4 billion in Covid-19 vaccine sales for 2021.
Moderna reported a loss of $0.69 a share on sales of $570.7 million, double the $.034 a share on sales of $279.4 million that analysts expected.
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