Moderna quarterly sales beat expectations but plummet from previous year

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Moderna quarterly sales beat expectations but plummet from previous year
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Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWire - Moderna on Thursday reported quarterly revenue that beat Wall Street estimates but came in dramatically lower than the previous year when demand for COVID-19 vaccines was higher.

The drugmaker also posted a smaller-than-expected loss of $3.07 per share. Analysts had expected a quarterly loss of $3.58 a share, according to LSEG data. Analysts on average expect Moderna's COVID shot to bring in $3.73 billion in 2024 and for its RSV vaccine to make $166.67 million. They estimate that the company will generate $4.18 billion in 2024 sales.

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