Moderna Q3 Revenue Beats On Updated COVID-19 Vaccine, Slashes Expenses For 2024

On Thursday, Moderna Inc MRNA stock is trading higher after the company reported better-than-expected third-quarter sales.Moderna reported third-quarter revenue of $1.83 billion, compared with $1.83 billion a year earlier, beating the consensus of $1.25 billion.The company attributed the growth to higher sales in the U.S. market following the earlier launch of the updated COVID-19 vaccine.With FDA approval granted three weeks earlier than in the previous year, the company was able to meet demand more effect ...