Novartis Third Quarter 2024 Earnings: Beats Expectations

Novartis (VTX:NOVN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$13.2b (up 8.9% from 3Q 2023).
• Net income: US$3.19b (up 111% from 3Q 2023).
• Profit margin: 24% (up from 13% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$1.59 (up from US$0.73 in 3Q 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 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%.

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Pharmaceuticals industry in Switzerland.

Performance of the Swiss Pharmaceuticals industry.

The company's shares are down 3.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Novartis' balance sheet health.

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