Novo Nordisk Posts 29% Surge In Q2 Profit, Lifts Forecast

Novo Nordisk A/S

reported a 29% rise in its second-quarter net profit and lifted its full-year forecast. Novo Nordisk's quarterly net profit surged to DKK5.35 billion, versus DKK4.13 billion, in the year-ago period. However, analysts were expecting a net profit of DKK4.87 billion. Its sales climbed 22% to DKK19.47 billion from DKK16 billion, versus analysts' estimates of DKK18.73 billion. Novo Nordisk's EBIT jumped 45% to DKK7.65 billion, versus DKK5.27 billion. Novo Nordisk shares closed at $154.41 yesterday.