Novavax beats quarterly revenue estimates on milestone payment

Reuters

昨天

Nov 6 (Reuters) - Novavax NVAX.O beat Wall Street expectations for third-quarter revenue on Thursday, helped by milestone payments tied to its COVID-19 vaccine partnerships.

The biotech firm reported total revenue of $70.4 million, compared with analysts' average estimate of $42.13 million, according to data compiled by LSEG.

(Reporting by Siddhi Mahatole in Bengaluru)

((siddhi.mahatole@thomsonreuters.com;))

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