Novartis: 2Q Earnings Snapshot
BASEL, Switzerland (AP) _ Novartis AG (NVS) on Thursday reported second-quarter earnings of $6.8 billion.
The Basel, Switzerland-based company said it had net income of $2.91 per share. Earnings, adjusted to account for discontinued operations, came to $1.32 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The drugmaker posted revenue of $11.76 billion in the period.
Novartis shares have climbed 5% since the beginning of the year. The stock has climbed 15% in the last 12 months.