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UPDATE 1-Novartis beats forecasts, sees new drugs fuelling 2018 growth [Reuters]

NOVARTIS (NVS)  More Company Research Source: Reuters
Last novartis earnings: 7/19 04:01 pm Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
PDF UPDATE 1-Novartis beats forecasts, sees new drugs fuelling 2018 growth | Reuters Reuters Staff 3 Min Read (Adds details, comment from CEO, and dividend info) By John Miller BASEL, Jan 24 (Reuters) - Swiss drugmaker Novartis on Wednesday forecast 2018 operating profit would grow faster than sales as revenue from drugs, including its latest blockbuster Cosentyx, accelerates and the company exits a period when patent losses dented results. Core net income in the fourth quarter of 2017 rose 6 percent to $2.82 billion, Novartis said in a statement, compared with the $2.75 billion average forecast in a Reuters poll. Fourth-quarter sales rose to $12.9 billion, compared to the Reuters poll average of $12.6 billion. The company said 2018 sales would grow at a low-to-mid single-digit percentage range, with core operating profit rising in the mid-to-high single-digits . Novartis Chief Executive Officer Joe Jimenez, who will hand over the reins to Vas Narasimhan on Feb. 1 after eight years at the [Read more]

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