CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Moderna Inc. (MRNA) on Friday reported a loss of $825 million in its second quarter.
The Cambridge, Massachusetts-based company said it had a loss of $2.13 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $2.99 per share.
The biotechnology company posted revenue of $142 million in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $127.2 million.
Moderna expects full-year revenue in the range of $1.5 billion to $2.2 billion.
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