Market Overview

Novartis: Q3 Earnings Insights

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Shares of Novartis (NYSE:NVS) decreased 1.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 7.80% year over year to $1.52, which beat the estimate of $1.45.

Revenue of $12,259,000,000 rose by 0.71% year over year, which missed the estimate of $12,530,000,000.

Outlook

Novartis hasn't issued any earnings guidance for the time being.

Novartis hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 27, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3soac2di

Price Action

Company's 52-week high was at $99.84

52-week low: $69.18

Price action over last quarter: down 4.24%

Company Profile

Novartis AG develops and manufactures healthcare products through two segments: Innovative Medicines and Sandoz. It generates the vast majority of its revenue from Innovative Medicines segment consisting global business franchises in oncology, ophthalmology, neuroscience, immunology, respiratory, cardio-metabolic, and established medicines. The company sells its products globally, with the United States representing close to one third of total revenue.

 

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Posted-In: Earnings News