Moderna Reports Third Quarter 2023 Financial Results and Provides Business Updates

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Go back to Moderna Reports Third Quarter 2023 Financial Results and Provides Business Updates

Moderna (MRNA) drops after announcing a $3.1 billion charge, partially due to Covid writedowns

November 2, 2023 6:58 AM EDT

Moderna (NASDAQ: MRNA) shares fell about 2% in pre-market Thursday trade after the pharma company said its third-quarter results were impacted by a $3.1 billion charge related to resizing and a tax valuation allowance.

It includes $1.3 billion for inventory write-downs related to excess and obsolete COVID-19... More

Moderna (MRNA) Reports Wide Q3 Loss on $3.1B Charge, as Revenues Beat

November 2, 2023 6:36 AM EDT

Moderna (NASDAQ: MRNA) reported Q3 EPS of ($9.53), which may not compare to the analyst estimate of ($1.90). Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.4 billion.

Company has significantly improved future cost of sales by resizing its manufacturing... More