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Moderna Quarterly Sales Beat Expectations but Plummet From Previous Year

Moderna Quarterly Sales Beat Expectations but Plummet From Previous Year
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Moderna quarterly sales beat expectations but plummet from previous year

(Reuters) -Moderna on Thursday reported quarterly revenue that beat Wall Street estimates but came in dramatically lower than the previous year when demand for COVID-19 vaccines was higher. Sales of Moderna’s COVID-19 shot Spikevax, its only marketed product, dropped 91% from the previous year to $167 million for the quarter but surpassed analysts’ expectations of $97.5 million. The Cambridge, Massachusetts-based company reaffirmed that it expects to receive approval from regulators for its resp

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