After steep cost cuts, Novavax's fourth-quarter performance falls short of expectations

cafead

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  • cafead   Feb 28, 2024 at 10:52: AM
via As Novavax emerges from its “transition year” in 2023, the vaccine maker is still raising concerns among Wall Street investors in early 2024.

The company's loss per share of $1.44 exceeded analyst expectations of 45 cents per share, CNBC reports, while its fourth-quarter revenues of $291.3 million came short of the analysts' estimate of $322 million.

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