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Novavax: 2Q Earnings Snapshot

August 7, 2019

GAITHERSBURG, Md. (AP) _ Novavax Inc. (NVAX) on Wednesday reported a loss of $39.6 million in its second quarter.

The Gaithersburg, Maryland-based company said it had a loss of $1.69 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.61 per share.

The vaccine maker posted revenue of $3.4 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $3.5 million.

In the final minutes of trading on Wednesday, the company’s shares hit $4.62. A year ago, they were trading at $24.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVAX at https://www.zacks.com/ap/NVAX

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