Novartis Q3 earnings beat estimates while revenue slightly missed
FROM THE WIRE · FINANCE.YAHOO.COM
BASEL, Switzerland (AP) — BASEL, Switzerland (AP) — Novartis AG (NVS) on Tuesday reported third-quarter profit of $1.2 billion. On a per-share basis, the Basel, Switzerland-based company said it had net income of 63 cents. Earnings, adjusted for non-recurring costs, came to…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralMixed quarterly results for a large drugmaker: adjusted EPS beat estimates while revenue fell slightly short.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Novartis reported third-quarter profit of $1.2 billion.
- 02Adjusted earnings came to $2.46 per share, versus an average estimate of $2.25.
- 03Revenue was $14.52 billion, compared with $14.56 billion expected by four analysts.
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