
Novavax Inc (NASDAQ:NVAX) shares are trading lower in Monday's after-hours session after the company reported worse-than-expected financial results.
Novavax reported first-quarter revenue of $704 million, which came in below the $845.2 million estimate, according to data from Benzinga Pro. The company reported quarterly earnings of $2.56 per share, which came in below the estimate of $2.69 per share.