Posted 2/22/2024, 4:24:27 PM
Moderna Stock Jumps on Surprise 4Q Profit, Revenue Beat
- Moderna stock jumped over 9% on Thursday after announcing better-than-expected 4Q financial results
- Moderna reported a surprise 4Q profit of $0.53 per share compared to expected loss of $0.90 per share
- 4Q revenue beat estimates at $2.8B, helped by $600M in deferred international vaccine revenue recognition
- Moderna's bottom line was boosted in 4Q by a $147M income tax benefit
- Moderna is optimistic about upcoming regulatory decisions for its RSV and seasonal flu vaccines