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Novartis: 2Q Earnings Snapshot

July 18, 2019

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.

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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

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