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5/4, 12:56 PM (Source: TeleTrader)
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Moderna's Q1 EPS soars 202% to $8.58

Moderna Inc. announced on Wednesday that its diluted earnings per share (EPS) in the first quarter of 2022 jumped 202% on a yearly basis to $8.58, while net income also surged 200% to reach $3.7 billion. The company reported its revenue for the quarter soared 213% to $6.1 billion.

Product sales for the first quarter of 2022 were $5.9 billion from sales of Moderna's COVID-19 vaccine, compared to $1.7 billion in the first quarter of 2021. The company predicted that COVID-19 market dynamics will result in sales slightly larger in the second half of 2022 than in the first half.

Moderna's shares added 5.02% in premarket trade after the earnings release.

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