Moderna, Inc. (NASDAQ:MRNA) will release earnings results for the second quarter, before the opening bell on Friday, Aug. 1.
Analysts expect the Cambridge, Massachusetts-based company to report quarterly loss at $2.97 per share, versus a year-ago loss of $3.33 per share. Moderna projects to report quarterly revenue at $112.96 million, compared to $241 million a year earlier, according to data from Benzinga Pro.
On July 31, Moderna announced plans to reduce its global workforce by approximately 10% by the end of the year due to decreasing COVID-19 vaccine sales and market uncertainty.
Moderna shares fell 8.1% to close at $29.56 on Thursday.
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