Novartis Second Quarter 2024 Earnings: Beats Expectations

Novartis (VTX:NOVN) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$12.9b (up 9.6% from 2Q 2023).
• Net income: US$3.25b (up 43% from 2Q 2023).
• Profit margin: 25% (up from 19% in 2Q 2023).
• EPS: US$1.60 (up from US$1.09 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Novartis Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Pharmaceuticals industry in Switzerland.

Performance of the Swiss Pharmaceuticals industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Novartis.

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