BASEL, Switzerland (AP) — BASEL, Switzerland (AP) — Novartis AG (NVS) on Tuesday reported third-quarter earnings of $3.19 billion.
On a per-share basis, the Basel, Switzerland-based company said it had profit of $1.57. Earnings, adjusted for non-recurring costs, were $2.06 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The drugmaker posted revenue of $12.82 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $12.62 billion.
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