Salem Radio Network News Tuesday, August 3, 2021

Business

Novartis posts Q2 profit beat as sales pick up

ZURICH (Reuters) – Novartis boosted its second-quarter core net income by a fifth, beating market expectations, the Swiss drugmaker reported on Wednesday, as it kept its 2021 guidance.

It generated net profit of $3.72 billion while sales in the three months through June rose 14% to $12.96 billion.

Analysts polled by Refinitiv had on average expected net profit of $3.46 billion on revenue of $12.52 billion

(Reporting by Michael Shields, editing by John Revill)

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