Novartis: Q1 Earnings Snapshot

April 26, 2022 GMT

BASEL, Switzerland (AP) _ Novartis AG (NVS) on Tuesday reported first-quarter net income of $2.22 billion.

On a per-share basis, the Basel, Switzerland-based company said it had net income of $1. Earnings, adjusted for non-recurring costs, were $1.46 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The drugmaker posted revenue of $12.53 billion in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVS at https://www.zacks.com/ap/NVS