CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Moderna Inc. (MRNA) on Thursday reported third-quarter earnings of $13 million.
The Cambridge, Massachusetts-based company said it had profit of 3 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of $1.89 per share.
The biotechnology company posted revenue of $1.86 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $1.26 billion.
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