This Number in Moderna's Q1 Results Is a Game-Changer
You can usually instantly know how a company performed in its latest quarter without even looking at its numbers. All you have to do is take a glance at how its stock is performing in after-hours or pre-market trading following the release of the company's results.
Moderna (NASDAQ: MRNA) announced its first-quarter results before the market opened on Wednesday. And the company clearly performed well with its shares jumping both in pre-market trading and when the market opened.
Actually, saying that Moderna performed well is an understatement. The company blew Wall Street's estimates out of the water. Moderna reported Q1 revenue of $6.1 billion, more than tripling year over year. It posted earnings of $3.7 billion, or $8.58 per share. That's up from $1.2 billion, or $2.84 in the prior-year period.
Source Fool.com
