Novartis: Q2 Earnings Snapshot
Posted July 21, 2021 5:07 am.
Last Updated July 21, 2021 5:10 am.
BASEL, Switzerland (AP) _ Novartis AG (NVS) on Wednesday reported second-quarter net income of $2.9 billion.
The Basel, Switzerland-based company said it had net income of $1.28 per share. Earnings, adjusted for non-recurring costs, came to $1.64 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The drugmaker posted revenue of $12.96 billion in the period.
Novartis shares have fallen slightly more than 4% since the beginning of the year. The stock has increased 2.5% in the last 12 months.
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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
The Associated Press
