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Why Dynavax Stock Is Crushing It Today

TheMotleyFool

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Shares of Dynavax Technologies (NASDAQ: DVAX) were soaring 18.8% as of 10:50 a.m. EST on Friday. The big gain came after the company announced better-than-expected fourth-quarter results after the market close on Thursday.

Dynavax reported fourth-quarter revenue of $19.6 million, well above the average analyst estimate of $13.1 million. And while the company posted a net loss of $15.5 million, or $0.14 per share, its bottom line trended in a positive direction from the prior-year period and was a lot better than the $0.24 loss expected by Wall Street.

Image source: Getty Images.

Source Fool.com

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