Novartis: Q2 Earnings Snapshot

July 19, 2022 GMT

BASEL, Switzerland (AP) _ Novartis AG (NVS) on Tuesday reported second-quarter net income of $1.69 billion.

On a per-share basis, the Basel, Switzerland-based company said it had profit of 77 cents. Earnings, adjusted for non-recurring costs, came to $1.56 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The drugmaker posted revenue of $12.78 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