Novavax: Q3 Earnings Snapshot

Associated Press Finance
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GAITHERSBURG, Md. (AP) — GAITHERSBURG, Md. (AP) — Novavax Inc. (NVAX) on Thursday reported a loss of $130.8 million in its third quarter.

On a per-share basis, the Gaithersburg, Maryland-based company said it had a loss of $1.26.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.82 per share.

The vaccine maker posted revenue of $187 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $165.1 million.

Novavax expects full-year revenue in the range of $900 million to $1.1 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVAX at https://www.zacks.com/ap/NVAX

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