West Pharma posts beat-and-raise quarter aided by strong demand for injectables [Reuters]
Novo Nordisk A/S (NVO)
Last novo nordisk a/s earnings: 2/5 01:31 am
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Source: Reuters
forecast, banking on rising demand for cartridges and syringes used to manufacture injectable therapies. The Pennsylvania-based company now expects 2024 profit in the range of $7.63 to $7.88 per share, compared with its previous forecast of $7.50 to $7.75 per share. Analysts had expected $7.62-per-share profit for 2024. The company expects sales growth to ramp up as the year progresses, partly due to a surge in demand for components used in the packaging of newer treatments, including Novo Nordisk's diabetes drug Ozempic, weight-loss drug Wegovy, and Eli Lilly's diabetes drug Mounjaro. West reiterated its full-year revenue outlook of $3 billion to $3.025 billion. CEO Eric Green said that he expects a majority of sales growth to take place in the second half, as biotech clients work through their existing inventory. "We are actively managing the timing of inventory decisions by some of our customers.." said Green. On an adjusted basis, the company posted a first-quarter pro
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NVO
Earnings
- 5/3/24 - Beat
NVO
Sec Filings
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/26/24 - Form 6-K
- NVO's page on the SEC website