logo
  

Novavax Lowers FY22 Revenue Outlook

While reporting its second-quarter results on Monday, Novavax Inc. (NVAX) lowered its full-year revenue forecast after the company sold fewer doses of its COVID-19 vaccine in the second quarter.

Looking forward to full year 2022, Novavax now expects revenue of $2 billion to $2.3 billion, compared with its prior forecast of $4 billion to $5 billion.

The company recorded $55 million in product sales in the quarter, compared to $586 million in the first quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Omnichannel retailer Macy's, Inc. announced Monday plans to hire colleagues for more than 41,000 full- and part-time seasonal positions for the upcoming holiday season. The colleagues will be positioned at its Macy's, Bloomingdale's and Bluemercury stores, supply chain locations and call centers. Seffner, Florida -based Canyon Furniture Co. is recalling ladders sold with bunk bed and hutch sets citing entrapment and strangulation risks, the U.S. Consumer Product Safety Commission said. The about 2,100 units of Canyon Lake and Cottage Colors Bunk Bed and Hutch Sets were sold exclusively at Rooms To Go. Lyft announced the expansion to its partnership with Indeed in Jobs Access program. The ride-hailing company will be providing transportation access for Indeed's Ready to Work program. Indeed's Ready to Work program is a series of free virtual and in-person events for job seekers in several cities across the U.S. from September 15 to October 8, 2022.
Follow RTT