Novartis Reports Strong Q1 Results and Raises Full-Year Guidance
Tuesday, 23 April 2024, 22:25
Double beats in the first quarter
A double beat on net sales and core net income in the first quarter boosted Novartis stock by over 2%. CEO Vas Narasimhan highlighted the company's performance across growth brands and geographies.
Guidance raised, although still not very specific
Novartis raised its full-year 2024 guidance with expectations of high-single-digit to low-double-digit growth in net sales. However, the company did not provide guidance for net income figures, signaling cautious optimism for the future.
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