Moderna Q3 Revenue Beats On Updated COVID-19 Vaccine, Slashes Expenses For 2024
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Moderna Inc reported better-than-expected third-quarter sales, driven by its updated COVID-19 vaccine. The company also announced plans to reduce expenses in 2024.
November 07, 2024 | 2:30 pm
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Moderna's Q3 revenue exceeded expectations due to strong sales of its updated COVID-19 vaccine. The company plans to cut expenses in 2024, which could improve profitability.
The better-than-expected Q3 revenue indicates strong demand for Moderna's updated COVID-19 vaccine, which is a positive sign for the company's financial health. Additionally, the plan to reduce expenses in 2024 suggests a focus on improving profitability, which is likely to be viewed favorably by investors.
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