Moderna Stock Rises on Surprise Q3 Profit

Key TakeawaysModerna shares rose Thursday morning after reporting better results than expected for the third quarter.The vaccine maker reported a surprise profit and higher revenue than expected.CEO Stéphane Bancel said the company is ahead of schedule on its plan to cut R&D costs by $1.1 billion over the next three years. Moderna (MRNA) reported better third-quarter results than expected Thursday morning, as the vaccine maker reported a surprise profit for the period amid its efforts to cut costs. Moderna ...