- Trading
- Trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Volume rebates
- Open account
- Try free demo
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- MetaTrader copy trader
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- PAMM
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
- Trading
- Trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Volume rebates
- Open account
- Try free demo
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- MetaTrader copy trader
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- PAMM
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
- Home
- News & Analysis
- Shares and Indices
- BioNTech tops Q3 expectations – the stock is up
- Home
- News & Analysis
- Shares and Indices
- BioNTech tops Q3 expectations – the stock is up
- 1 month: +16.38%
- 3 months: -7.00%
- Year-to-date: -38.93%
- 1 year: -35.10%
- JPMorgan: $132
- Deutsche Bank: $250
- HC Wainwright & Co.: $272
- SVB Leerink: $224
- Morgan Stanley: $194
- Goldman Sachs: $206
News & AnalysisNews & AnalysisBioNTech SE (NASDAQ:BNTX) reported its third quarter financial results on Monday.
The German pharmaceutical company beat both revenue and earnings per share (EPS) estimates for the quarter, sending the stock price higher.
The company reported revenue of $3.392 billion vs. $2.024 billion expected.
EPS reported at $6.841 per share vs. $3.352 per share estimate.
”Thanks to our strong execution in the third quarter of 2022, we updated our COVID-19 vaccine revenue guidance for the year 2022 to the upper end of the original range. We started shipments of our Omicron-adapted bivalent vaccines early in September and we expect to carry on with our deliveries throughout the fourth quarter of 2022,” Jens Holstein, CFO of BioNTech commented on the latest results.
”We believe in the potential of our COVID-19 franchise and plan to build on our leading position with ongoing innovations in this field. The power of our scientific innovation combined with our strong financial position allows us to accelerate and expand our diversified clinical pipeline and to create future growth in the interest of all stakeholders,” Holstein concluded.
The stock was up by around 2% during the session on Monday following the latest results, trading at $155.52 a share.
Stock performance
BioNTech price targets
BioNTech SE is the 411th largest company in the world with a market cap of $38.46 billion.
You can trade BioNTech SE (NASDAQ:BNTX) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
Sources: BioNTech SE, TradingView, Benzinga, CompaniesMarketCap
Ready to start trading?
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
Next Article
Disney falls short of expectations – the stock tumbles in the after-hours
The Walt Disney Company (NYSE: DIS) reported the latest financial results for the fourth quarter and fiscal year ended October 1, 2022, after the closing bell in the US on Tuesday. The biggest entertainment company in the world missed both revenue and earnings per share estimates (EPS) for the quarter. The company reported revenue of $20.15 b...
November 9, 2022Read More >Previous Article
AUDNZD falls from the top of its range
The AUDNZD pair has seen a large drop in the last few weeks and months as the Reserve Bank of Australia has brought about softer interest rate changes...
November 7, 2022Read More >News and Analysis
Join our mailing list to receive market news and monthly newsletters, delivered directly to our inbox.