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-0.00131485789420446 -0.00121371497926575 -0.000606857489632874 -0.00333771619298066 -0.00697886113077777 -0.00733286133306356 -0.00839486193992109 -0.00687771821583905
Stock impact report

Pharma giant Novartis sees shares jump after strong Q1 [Yahoo! Finance]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
Company Research Source: Yahoo! Finance
Shares were up more than 4% in Switzerland and more than 5% in pre-market activity in New York. The company also raised its fiscal 2024 outlook for growth in sales and core operating income. Further, Novartis said it plans to propose Giovanni Caforio as chair of the board of directors at its annual general meeting in 2025. The 12-year term of Joerg Reinhardt is set to end as scheduled in 2025, when he will retire and not be available for re-election. Novartis chief executive Vas Narasimhan said, "Novartis continued our strong momentum with both sales growth and core margin expansion in Q1. Our performance was broad-based, across all key growth brands and geographies, allowing us to raise guidance for the full year 2024." For fiscal 2024, the company now expects net sales to grow high-single to low double-digit, compared to previously expected mid-single-digit growth. Core operating income is now projected to grow low double-digit to mid-teens from earlier estimate of high Show less Read more
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