Earnings

Moderna (MRNA) Q4 earnings 2022

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Moderna on Thursday missed earnings expectations for the fourth quarter, as costs rose from surplus production capacity and lower demand for its Covid-19 vaccine, the company’s only product on the market.

Moderna reported quarterly earnings of $3.61 per share, a 68% decrease from the same period in 2021 when it booked $11.29 per share. The figure fell short of the $4.68 a share Wall Street expected.

The Boston biotech company generated $5.1 billion in revenue in the fourth quarter of 2022, which was in line with analyst expectations but a 30% drop from the same period in 2021.

Moderna shares fell as much as 4% in Thursday morning trading.

Moderna has signed contracts for $5 billion in Covid…



Source cnbc.com

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