Tuesday, July 21, 2020

Novartis Tightens FY20 Guidance As Q2 Profit, Sales Decline

Swiss drug major Novartis AG (NVS) tightened its fiscal 2020 sales guidance on Tuesday, as second-quarter profit and sales declined, largely due to higher impairments. Meanwhile, Q2 core earnings rose and surpassed Wall Street analysts' estimate.

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