Moderna (MRNA) reported better-than-expected 1Q earnings and the first profitable quarter in its history. Meanwhile, revenues for the quarter missed analysts’ expectations. Shares plunged more than 8% in early trading on Thursday. The company recorded earnings of $2.84 per share in 1Q, compared to the loss of $0.35 recorded in the prior-year quarter. Analysts were expecting the company to report EPS of $2.39. Total revenue of $1.94 billion missed analysts’ expectations of $2.04 billion. Both research and development expenses and selling, general and administrative costs more than tripled to $401 million and $77 million, respectively, on a year-over-year basis.
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