Novartis: Q1 Earnings Snapshot
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.