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Stock impact report

Why Novartis Stock Topped the Market on Tuesday [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
Investors like what they heard about the global healthcare company's inaugural earnings release for 2024, and rewarded Novartis with a more than 2% lift in its stock price today. The shares did better than the S&P 500 index, which had a relatively good trading session with a 1.2% gain. Double beats in the first quarter In its first quarter, Novartis managed to boost net sales by 11% year over year to $11.8 billion. The pharmaceutical company's core net income rose by 14% to hit $3.68 billion ($1.80 per share). Both headline figures came in above the average analyst estimates. Collectively, prognosticators tracking the company were anticipating it would post net sales of $11.43 billion, and a per-share core net income of $1.67. "Our performance was broad-based, across all key growth brands and geographies," CEO Vas Narasimhan said. The company came into 2024 with a new strategic focus. It now considers itself a "pure-play innovative medicines business." The current Novartis c Show less Read more
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