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0.000655307994757685 0 0.000786369593709073 0.00327653997378768 0.00157273918741815 -0.000262123197902962 -0.000917431192660461 -0.00340760157273907
Stock impact report

Novartis Stock Dives Alongside Pharma Peers Despite First-Quarter Beat [Investor's Business Daily]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Related news Novartis stock fell alongside its pharma peers Tuesday despite reiterating its 2020 outlook in the face of the coronavirus pandemic. The Swiss drug giant also topped first-quarter expectations. "Our operations and product demand remain very stable and strong," Novartis said in a news release. "Mitigating actions helped to ensure minimal disruption to supply chain and ability to meet forward purchasing demand." But Novartis stock slipped 1.5%, near 88.30, in early action on the stock market today . That reflected a 1.3% drop for the broader industry group of pharmaceutical companies in the wake of earnings reports from Dow Jones players Pfizer ( PFE ) and Merck ( MRK ). During the first quarter, Novartis earned $1.56 per share on $12.28 billion in sales. On a year-over-year basis, earnings charged ahead 29% and sales jumped 11%. In constant currency, Novartis profit surged 34% and sales popped 13%. Both measures topped the average estimate of analysts polled by Zacks Inves Show less Read more
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