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Novartis Earnings, Sales Slightly Miss Q1 Views

Novartis stock XX on Tuesday after the company reported adjusted income of $1.52 per share on $12.41 billion in sales for its first quarter.




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On average, analysts polled by FactSet expected Novartis (NVS) to earn $1.54 per share on $12.5 billion in sales.

During the year-ago period, Novartis earnings were $1.56 a share and the company generated $12.28 billion in sales.

For the year, the pharmaceutical company guided to core operating profit and sales growth in the mid- to low single digit. Analysts called for adjusted profit of $6.35 a share and $52.1 billion in sales.

In premarket trading on the stock market today, Novartis stock XX.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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