Novavax Inc. Q2 Loss increases, misses estimates

Novavax Inc. (NVAX) revealed Loss for its second quarter that increased from last year and missed the Street estimates.

The company's earnings came in at -$510.49 million, or -$6.53 per share. This compares with -$352.32 million, or -$4.75 per share, in last year's second quarter.

Analysts on average had expected the company to earn $5.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 37.6% to $185.93 million from $298.02 million last year.

Novavax Inc. earnings at a glance (GAAP) :

-Earnings (Q2): -$510.49 Mln. vs. -$352.32 Mln. last year.
-EPS (Q2): -$6.53 vs. -$4.75 last year.
-Analyst Estimate: $5.50
-Revenue (Q2): $185.93 Mln vs. $298.02 Mln last year.

Full year revenue guidance: $2.0 - $2.3 Bln

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