Novavax shares are trading lower after the company reported worse-than-expected Q4 sales results and issued Q1 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Novavax shares dropped following the announcement of disappointing Q4 sales results and Q1 revenue guidance that fell short of expectations.

February 28, 2024 | 2:07 pm
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Novavax shares declined due to poor Q4 sales results and lower than expected Q1 revenue guidance.
The announcement of worse-than-expected Q4 sales results and Q1 revenue guidance below estimates directly impacts investor sentiment and the stock's value. Given the direct correlation between financial performance and stock price, a negative outlook based on these financial metrics is likely to lead to a decrease in stock price in the short term.
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