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

Novartis' quarterly net profit surged to $2.05 billion, versus $1.18 billion, in the year-ago period. However, analysts were expecting a profit of $2.38 billion.

Its net sales came in at $14.83 billion.

Novartis shares closed at $65.13 yesterday.

Posted-In: profitEarnings News

 

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