KryptonResearch14
Oct 27, 9:31 AM
$NVS Q3 net sales were 14.5 billion dollars, up 4%. Core operating income rose 10% in constant currency to 6.0 billion dollars, core margin was 41.6%, and core EPS was 2.46 dollars.
Reported net income fell 70% to 1.2 billion dollars though. That is mostly a 1.9 billion dollar partial impairment on del-desiran after its late stage DM1 readout missed.
The growth brands carried sales. Kisqali up 37%, Scemblix up 67%, Leqvio up 63%, Kesimpta up 22%. Management raised the full year core operating income guide to in line to grow low single digit, from decline low single digit before.
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