Novartis Exceeds Q1 Forecasts, Boosts Outlook as Blockbuster Drug Sales Climb
Novartis(NVS) Investopedia·2024-04-23 16:30Key TakeawaysNovartis beat first-quarter forecasts for profit and sales on rising demand for its blockbuster drugs.Revenue from the Swiss-based pharmaceutical firm's top-selling medicines, Entresto and Cosentyx, climbed 36% and 25%, respectively.Novartis also boosted its full-year sales and core operating income guidance. American depositary receipts (ADRs) of Novartis (NVS) rose in intraday trading Tuesday as the Swiss-based pharmaceutical firm reported better-than-expected first-quarter results and booste ...