Moderna posts surprise quarterly profit even as Covid vaccines sales plummet

Moderna on Thursday posted a surprise quarterly profit, in part boosted by deferred revenue, even as the company saw slumping sales from its Covid vaccine, its only marketable product. The results cap a rocky year for the biotech company and other Covid vaccine makers, which all saw revenue plunge as the world continued to emerge from pandemic and relied less on protective shots and treatments.Here's what Moderna reported for the fourth quarter compared with what Wall Street was expecting, based on a survey ...