Novo Nordisk Posts 35% Rise In Q3 Profit, Lifts 2012 Forecast

Novo Nordisk A/S

reported a 35% rise in its third-quarter net profit and lifted its full-year earnings forecast. Novo Nordisk's quarterly net profit surged to DKK5.67 billion, from DKK4.20 billion, in the year-ago period. However, analysts were expecting a profit of DKK5.27 billion. Novo Nordisk shares closed at $161.29 yesterday.