Washington DC
Novavax reports smaller-than-expected Q3 loss in Gaithersburg
Maryland-based Novavax posted a $31.4 million loss in Q3, beating Wall Street expectations with a 19-cent loss per share.
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Novavax Inc., headquartered in Gaithersburg, Maryland, announced a third-quarter loss of $31.4 million, according to WTOP reporting Associated Press data.
The company reported a loss of 19 cents per share for the period, which was better than analysts' average estimate of a 37-cent loss per share, as surveyed by Zacks Investment Research.
Novavax posted revenue of $68.3 million during the third quarter.
The loss per share was smaller than analysts' expectations for the quarter.
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