Short-term supply constraints led Moderna to cut its 2022 revenue outlook to a range of $18 billion to $19 billion.
Administering Moderna's Covid-19 vaccine in London.
Dinendra Haria/SOPA Images/LightRocket via Getty Images
Moderna shares fell as much as 14% on Thursday following the COVID vaccine maker's financial update.
The company cut its 2022 revenue outlook to a range of $18 billion to $19 billion.
Third-quarter per-share earnings of $2.53 on total revenue of $3.36 billion missed Wall Street's projections.
Moderna shares sharply dropped Thursday after the COVID vaccine maker reduced its 2022 sales guidance and delivered third-quarter financial results that fell short of Wall Street's targets.
Shares fell by as much as 14% to $128 during premarket trade, the weakest price since October 24. The shares on a year-to-date basis had already fallen by 41%.
The company forecast $18 billion to $19 billion in 2022 revenue from its coronavirus vaccine, lower than its previous outlook of around $21 billion. The vaccine is Moderna's sole product that's commercially available.
The "delay of certain deliveries into 2023 due to short-term supply constraints" was cited as the reason for the lowered projection in Moderna's third-quarter report.
Earnings fell by 67% to $2.53 a share and total revenue came in at $3.36 billion, down from $4.97 billion a year earlier.
Analysts polled by FactSet had expected earnings of $3.29 a share on revenue of $3.53 billion for the quarter that ended on September 30.
Moderna said quarterly product sales fell by 35% to $3.1 billion because of the timing of market authorizations for its vaccine boosters and the related manufacturing ramp-up.
The company said it's making progress on its respiratory vaccine pipeline, including potential vaccines against influenza and Respiratory Syncytial Virus, or RSV, which can cause lung and respiratory tract infections.
Каршеринг BelkaCar открыл новые зоны в регионах ближнего Подмосковья
В городском округе Домодедово проведена агитационно-разъяснительная работа с населением о сохранности имущества.
Филиал № 4 ОСФР по Москве и Московской области информирует:
С начала 2024 года 140 тысяч женщин и новорожденных Московского региона получили услуги по родовым сертификатам
В Московской области сотрудники Росгвардии задержали подозреваемого в краже партии товаров.
A Google Doodle animator is my new favorite Elden Ring lore theorist thanks to this cartoon retelling of Shadow of the Erdtree set to a Taylor Swift song
Игра Legend of Goddess: The Last War с откровенными скинами персонажей появилась на Android
Warner Bros acquires MultiVersus devs as it shifts focus to free-to-play
Conscript is an old school survival horror game where the horror is just that you're in World War 1
После появления «New Москва» на этом райском острове Богов, Россия открывает там Генеральное Консульство: русских так много, что надо их пересчитать
Михаил Башкатов в шоу «Вкусно с Анфисой Чеховой» на ТВ-3 рассказал о первом заработке
24 июля директор филиала «Северный» ООО «ЛокоТех-Сервис» Андрей Дружков провёл встречу с участниками ключевого кадрового резерва на управленческие должности.
ФАС взялась за энергетик // Ведомство запретило называть такой напиток «халяльным»