Novartis: Q2 Earnings Snapshot
BASEL, Switzerland (AP) — BASEL, Switzerland (AP) — Novartis AG (NVS) on Tuesday reported second-quarter earnings of $2.32 billion.
The Basel, Switzerland-based company said it had net income of $1.11 per share. Earnings, adjusted for non-recurring costs, were $1.83 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The drugmaker posted revenue of $13.62 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $13.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVS at https://www.zacks.com/ap/NVS