Salem Radio Network News Monday, August 15, 2022

Business

Novo Nordisk raises 2022 outlook after strong first half

COPENHAGEN (Reuters) – Danish drugmaker Novo Nordisk on Wednesday lifted its sales and operating profit outlook for the year on the back of strong first-half earnings.

Novo Nordisk now expects sales growth of 12-16% at constant exchange rates, up from a previous estimate of 10-14%. It forecasts operating profit to grow 11-15%, versus an earlier estimate of 9-13%.

(Reporting by Nikolaj Skydsgaard; Editing by David Goodman)

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