Novartis Earnings: Here’s Why the Stock is Down Now

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Novartis AG (NYSE:NVS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.72%.

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Novartis AG Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.94% to $1.32 in the quarter versus EPS of $1.27 in the year-earlier quarter.

Revenue: Rose 0.74% to $14.02 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Novartis AG reported adjusted EPS income of $1.32 per share. By that measure, the company beat the mean analyst estimate of $1.28. It missed the average revenue estimate of $14.02 billion.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 6.98% from $15.07 billion in the previous quarter. EPS increased 3.94% from $1.27 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.24 to a profit $1.29. For the current year, the average estimate has moved down from a profit of $5.33 to a profit of $5.09 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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