Wednesday, July 18, 2018

Novartis Stock Up As Q2 Results Top View, Backs FY18 Outlook

Shares of Novartis AG were gaining around 2 percent in the morning trading in Zurich after the Swiss drug major reported Wednesday significantly higher profit in its second quarter with a hefty net gain from the stake sale in the GSK consumer healthcare joint venture, as well as higher sales. Both core profit and net sales topped analysts' estimates. Further, the company reiterated its 2018 view.

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