Moderna Swings to 1Q Loss Amid Big Revenue Drop

Moderna is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Moderna swung to a first-quarter loss of $1.18 billion, or $3.07 a share, from a profit of $79 million, or 19 cents a share, a year earlier. Analysts had forecast a loss of $3.56 a share, on average, according to data provided by FactSet. First-quarter revenue plunged by 91% to $167 million, which still surpassed the average Wall Street target of $93 million. At the peak of the pandemic, in 2022, Moderna generated $19.3 billion in revenue. Dow Jones & Co. owns Factiva.

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