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Yahoo BusinessAug 05, 2020
Moderna Posts Q2 Beat, Closes In On Coronavirus Vaccine Deal With Swiss Government
Moderna Inc (NASDAQ: MRNA) shares were moving to the downside Wednesday despite the coronavirus vaccine developer reporting forecast-beating second-quarter results and reports of a potential deal with the Swiss government.Moderna's Q2 Report: Cambridge, Massachusetts-based Moderna said its second-quarter revenue increased from $13.1 million in 2019 to $66.4 million in 2020, exceeding the $27.43-million consensus estimate.The company attributed the higher revenue to increased collaboration revenues from AstraZeneca plc (NYSE: AZN) and incremental BARDA funding.The loss per share narrowed from 41 cents to 31 cents, despite R&D expenses climbing about 18%. The Street was expecting a loss of 35 cents per share. The company ended the quarter with cash, cash equivalents and investments of about $3.1 billion. Moderna raised $1.3 billion in net proceeds with a public equity offering in May.Moderna said it has received about $400 million in customer deposits as of July 31 for potential supply of its coronavirus vaccine candidate, mRNA-1273.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Moderna Analyst Says Government Funding Key: On the earnings call, the company said it has executed smaller volume agreements for mRNA-1273 at $32-$37 per dose, and it expects to negotiate larger volume contracts at lower prices in the future, SVB Leerink analyst Mani Foroohar said in a note."We continue

The Motley FoolAug 05, 2020
Community Healthcare Trust Inc (CHCT) Q2 2020 Earnings Call Transcript
CHCT earnings call for the period ending June 30, 2020.

Discovery Communications Inc (DISCA) Q2 2020 Earnings Call Transcript (The Motley Fool)

Yahoo BusinessAug 05, 2020
Square Reports Massive Q2 Earnings Beat, As Bitcoin Revenue Rises 600%
Square Inc (NYSE: SQ) beat analyst expectations in its second quarter earnings report Tuesday, as its mobile payment service Cash App netted significant profit, including from Bitcoin.Q2 Earnings: The Jack Dorsey-led company reported an adjusted earnings per share of 18 cents in Q2, down from the 21 cents posted in the similar quarter last year.This signficantly beat Wall Street estimates. Analysts polled by Refinitiv had estimated an average adjusted loss per share of 5 cents, as earlier reported by CNBC.Square's net loss stood at $11.5 million, up 71.6% from last year's $6.7 million. Overall adjusted EBITDA was at $97.9 million, down 7% from 2019 Q2's 105.3 million.Cash App Leads Charge: The company's largest revenue growth came with Cash App, which netted $281 million in gross profit on a total revenue of $1.2 billion.View more earnings on SQRevenue through Bitcoin increased a whopping 600% for the payments app at $875 million. Bitcoin gross profit increased 711% YoY at $17 million.The increase in both revenue and profits stemmed from a rise in customer demand. Square revealed that as of June, the app had 30 million monthly transacting active users.The Cash App offers Bitcoin purchase, commission-free stock trading, and allows customers to send money on a peer-to-peer basis as well as make payments. It competes with Apple Inc's (NASDAQ: AAPL) Apple Pay, Alphabet Inc's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google Pay and PayPal Holding Inc's (NASDAQ: PYPL) Venmo in the space.Dorsey's Personal Interest:
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