"Moderna's Surprising Quarterly Profit Signals Shift Away from Covid"

1 min read
Source: The Motley Fool
"Moderna's Surprising Quarterly Profit Signals Shift Away from Covid"
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TL;DR Summary

Moderna's stock jumped 9.5% after announcing a surprise profit of $217 million in Q4, beating analysts' estimates. The company's Q4 revenue of $2.8 billion, primarily from international sales of its Spikevax COVID-19 vaccine, also exceeded expectations. While risk-averse investors may prefer other stocks, aggressive investors could find Moderna appealing, especially with potential upcoming regulatory approvals for its RSV and seasonal flu vaccines.

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