Novavax Inc. Q4 Loss decreases, but misses estimates

Novavax Inc. (NVAX) announced Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.

The company's bottom line came in at -$182.25 million, or -$2.28 per share. This compares with -$846.28 million, or -$11.18 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn -$0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 60.8% to $357.40 million from $222.20 million last year.

Novavax Inc. earnings at a glance (GAAP) :

-Earnings (Q4): -$182.25 Mln. vs. -$846.28 Mln. last year.
-EPS (Q4): -$2.28 vs. -$11.18 last year.
-Analyst Estimates: -$0.92
-Revenue (Q4): $357.40 Mln vs. $222.20 Mln last year.

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