Novavax Inc. shares shares sank in the extended session Tuesday after the biotech drug maker posted a wider-than-expected loss and reorganized with the...
Novavax Inc.
shares shares sank in the extended session Tuesday after the biotech drug maker posted a wider-than-expected loss and reorganized with the appointment of a new chief executive. Novavax shares fell as much as 25% after hours, following a 6.8% rise in the regular session to close at $9.26. The company reported a fourth-quarter loss of $182.3 million, or basic net income of $2.28 a share, compared with a loss of $846.3 million, or basic net income of $11.18 a share, in the year-ago period.
shares shares sank in the extended session Tuesday after the biotech drug maker posted a wider-than-expected loss and reorganized with the appointment of a new chief executive. Novavax shares fell as much as 25% after hours, following a 6.8% rise in the regular session to close at $9.26. The company reported a fourth-quarter loss of $182.3 million, or basic net income of $2.28 a share, compared with a loss of $846.3 million, or basic net income of $11.18 a share, in the year-ago period.
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