Novavax: Q1 Earnings Snapshot

GAITHERSBURG, Md. (AP) _ Novavax Inc. (NVAX) on Monday reported first-quarter net income of $203.4 million, after reporting a loss in the same period a year earlier.

The Gaithersburg, Maryland-based company said it had net income of $2.56 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.33 per share.

The vaccine maker posted revenue of $704 million in...

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GAITHERSBURG, Md. (AP) _ Novavax Inc. (NVAX) on Monday reported first-quarter net income of $203.4 million, after reporting a loss in the same period a year earlier.

The Gaithersburg, Maryland-based company said it had net income of $2.56 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.33 per share.

The vaccine maker posted revenue of $704 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $878.1 million.

Novavax expects full-year revenue in the range of $4 billion to $5 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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