BASEL, Switzerland (AP) — BASEL, Switzerland (AP) — Novartis AG (NVS) on Tuesday reported third-quarter net income of $3.93 billion.
The Basel, Switzerland-based company said it had profit of $2.02 per share. Earnings, adjusted for non-recurring costs, were $2.25 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The drugmaker posted revenue of $13.91 billion in the period.
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