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Feb 22, 01:39 PM
Moderna Reports Q4 EPS $0.55, Revenue $2.81B; Plans RSV Vaccine
Economics
Business

Moderna Reports Q4 EPS $0.55, Revenue $2.81B; Plans RSV Vaccine

Authors
  • Reuters
  • The Wall Street Journal
  • Bloomberg
13

Moderna has reported a surprise fourth-quarter profit, attributing the success to cost-cutting measures, deferred payments, and an increase in market share for its Covid vaccine against its rival, Pfizer. The company announced adjusted earnings per share (EPS) of $0.55, surpassing analysts' expectations of a loss of $1.06, with revenue reaching $2.81 billion against an estimated $2.50 billion. Despite a decline in Covid vaccine sales, Moderna's stock rose as it gained market share from Pfizer. Additionally, Moderna outlined a commercial roadmap for its experimental respiratory syncytial virus (RSV) vaccine, signaling a strategic move beyond Covid vaccines after a challenging year of transition.

Written with ChatGPT (GPT-4).

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