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via finance.yahoo.comBusiness & Companies

Novartis raises annual core operating income outlook after strong Q3 sales growth

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com-- Novartis AG (SIX:NOVN) raised its full-year core operating income outlook on Tuesday after third-quarter sales growth and margin expansion, as strong demand for key medicines and newer products offset continued generic competition. Still guessing which stocks…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishThe large-cap drugmaker raised its full-year guidance, a factor relevant to the sector and the SMI.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Novartis now expects full-year core operating income flat or up low single digits at constant currencies.
  2. 02The previous forecast was a low single-digit decline.
  3. 03Net sales rose 4% to $14.52 billion, with margin expansion cited.

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