Thursday, November 4, 2021

Moderna Slashes FY21 Outlook As Q3 Results Miss Estimates

Moderna Inc. reported a profit for the third quarter compared to a loss last year, reflecting surging revenues amid vaccine sales. Total revenue for the quarter surged from last year, resulting from commercial sales of the company's COVID-19 vaccine in the U.S. However, quarterly earnings per share and revenues missed analysts' expectations. The company also slashed its 2021 outlook.

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