Novavax Stock Dives Even Though Results Beat Forecasts
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Novavax reported a narrower third-quarter loss than expected, with a loss of 76 cents per share and revenue of $85 million, surpassing analyst expectations of $74 million. Despite this, Novavax's stock price declined.
November 12, 2024 | 3:00 pm
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Novavax reported better-than-expected Q3 results with a loss of 76 cents per share and $85 million in revenue, surpassing the forecast of $74 million. Despite this positive earnings surprise, the stock price declined.
Despite Novavax's better-than-expected earnings report, the stock price declined, indicating that investors may have had higher expectations or concerns about future performance. The decline suggests a negative short-term impact on the stock price.
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