Novo Nordisk Reports 19% Rise In Q4 Profit, Lifts Forecast

Novo Nordisk A/S (NYSE: NVO) reported a 19% rise in its fourth-quarter profit.

Novo Nordisk's quarterly net profit climbed to 4.68 billion kroner ($825 million), from 3.95 billion kroner, in the year-ago period. Its sales surged 12% to 18.12 billion kroner ($3.2 billion) from 16.12 billion.

For the year ahead, Novo Nordisk projects sales growth of 7% to 11%.

Novo Nordisk shares gained 3.93% to $125.48 in pre-market trading.