Investing.com - Novavax reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Novavax announced earnings per share of $-2.15 on revenue of $735M. Analysts polled by Investing.com anticipated EPS of $1.63 on revenue of $623.9M.
Novavax shares are down 35% from the beginning of the year and are trading at $20.00 , down-from-52-week-high.
Novavax shares gained 1.78% in after-hours trade after the report.
Novavax follows other major Healthcare sector earnings this month
Novavax's report follows an earnings beat by UnitedHealth on Friday, October 14, 2022, who reported EPS of $5.79 on revenue of $80.89B, compared to forecasts EPS of $5.43 on revenue of $80.52B.
J&J had beat expectations on Tuesday, October 18, 2022 with third quarter EPS of $2.55 on revenue of $23.79B, compared to forecast for EPS of $2.52 on revenue of $23.46B.
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