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Novavax Shares Rise After Narrower-Than-Expected Q1 Net Loss
Novavax (NVAX) shares were up over 8% in Wednesday trading after the company swung to a narrower-than-expected Q1 net loss.The company reported it swung to a Q1 net loss of $0.06 per diluted share from net income of $2.93 a year earlier.Analysts polled by FactSet expected a loss of $0.24.Revenue for the quarter ended March 31 was $139.5 million, down from $666.7 million a year earlier.A comparable FactSet estimate was not available.Price: $8.78, Change: $+0.67, Percent Change: +8.20%
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