Categories Earnings, Health Care

Earnings Summary: Moderna swings to profit in Q3 on modest revenue growth

Biotechnology company Moderna, Inc. (NASDAQ: MRNA) Thursday reported net income for the third quarter of 2024, compared to a loss last year

  • Third-quarter revenues came in at $1.86 billion, compared to $1.83 billion in the prior-year period
  • The company reported net profit of $13 million for Q3, compared to a loss of $3.63 billion in the same period last year
  • On a per-share basis, Q3 earnings were $0.03, vs. a loss of $9.53 per share last year
  • Net product sales for the quarter were $1.8 billion, which is up 4% from the same period in 2023
  • Q3 cost of sales was $514 million, including third-party royalties, unutilized manufacturing capacity, and inventory write-downs
  • For fiscal 2024, the company expects total product sales to be between $3.0 billion and $3.5 billion
  • Full-year cost of sales is expected to be in the range of 40-45% of product sales
  • Cash, cash equivalents, and investments as of September 30, 2024, were $9.2 billion, vs. $10.8 billion last year

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

NVDA Earnings: Nvidia Q3 profit jumps, beats estimates

NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues

Autodesk (ADSK) is expected to report higher Q3 revenue and profit

Autodesk, Inc. (NASDAQ: ADSK) is all set to publish third-quarter financial results next week, amid expectations of a year-over-year increase in revenue and profit. The shift to a cloud-based model

Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance

Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top