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UPDATE: Novartis Posts Upbeat Q2 Profit

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Novartis AG (NYSE: NVS) reported a rise in its second-quarter net profit.

Novartis's quarterly net profit increased to $2.71 billion, versus $2.70 billion, in the year-ago period. However, analysts were expecting a net profit of $2.52 billion.

Its net sales declined 4% to $14.3 billion.

Novartis shares closed at $56.36 yesterday.

Posted-In: profitEarnings News

 

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