Novavax Stock Is Rising. Revenue Beat Estimates.
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Novavax's stock is rising as the company reported fourth-quarter revenue of $88 million, surpassing expectations of $84 million. The company is transitioning away from Covid-19 vaccines.
February 27, 2025 | 1:15 pm
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Novavax reported better-than-expected Q4 revenue of $88 million, leading to a rise in its stock price. The company is also shifting its focus away from Covid-19 vaccines.
The better-than-expected revenue indicates strong financial performance, which is a positive signal for investors. The shift away from Covid-19 vaccines suggests a strategic pivot that could impact future revenue streams.
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