NYSE - Nasdaq Real Time Price USD

Novartis AG (NVS)

98.03

+2.91

(+3.06%)

As of 11:11 AM EDT. Market Open.

Novartis raises full-year guidance on Q1 beat, drug sales

Shares of Novartis (NVS) are soaring in Tuesday's pre-market trading session — holding onto steady gains into the market open — after the Swiss pharmaceutical giant reported better-than-expected first-quarter earnings and raised its full-year guidance. The robust financial performance was driven primarily by strong sales of the company's innovative heart failure and psoriasis treatment drugs. Yahoo Finance Health Reporter Anjalee Khemlani breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Yahoo Finance Video 19 minutes ago

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Novartis Stock Jumps After Beating Expectations, Raising 2024 Guidance

Shares of Swiss drugmaker Novartis rose more than 3% in morning trading after the pharmaceutical company’s first-quarter sales surpassed analysts’ expectations and it raised its full-year guidance. Novartis leaders touted strong sales across the company’s major brands on a call with analysts Tuesday. The company reported $11.8 billion in net sales for its first quarter—higher than estimates from analysts surveyed by FactSet and fueled by more than $1 billion in quarterly sales for both heart-failure drug Entresto and psoriasis drug Cosentyx.

The Wall Street Journal 38 minutes ago

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How Novartis Rode Two Blockbuster Drugs To Its Beat And Raise, And Three-Day Sprint

Novartis stock jumped Tuesday after the drugmaker topped first-quarter sales and earnings forecasts, and raised its full-year outlook.

Investor's Business Daily 48 minutes ago

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Incyte (INCY) to Report Q1 Earnings: What's in the Cards?

Incyte's (INCY) first-quarter 2024 revenues are likely to have been driven by the U.S. sales and royalties from Novartis on ex-U.S. sales of its lead drug, Jakafi.

Zacks 1 hour ago

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Compared to Estimates, Novartis (NVS) Q1 Earnings: A Look at Key Metrics

The headline numbers for Novartis (NVS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zacks 1 hour ago

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Novartis (NVS) Q1 Earnings, Sales Beat, Guidance Raised

Novartis (NVS) comfortably beats first-quarter earnings and sales estimates. The company ups its outlook for 2024 on strong growth across key brands.

Zacks 2 hours ago

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Stocks to Watch Tuesday: GM, Spotify, UPS, Tesla

🔎 **Tesla (TSLA**): Traders' focus is on the EV maker's earnings, due after the market close. Tesla stock edged up in premarket trading, after a rocky stretch that has seen it fall over 40% in 2024. ↗️ **General Motors (GM)**: Shares of GM leapt roughly 5% premarket after the car company raised its annual profit outlook.

The Wall Street Journal 2 hours ago

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The Zacks Analyst Blog Highlights Novartis, American Express, ConocoPhillips, Netflix and Schlumberger

Novartis, American Express, ConocoPhillips, Netflix and Schlumberger are part of the Zacks top Analyst Blog.

Zacks 2 hours ago

COP

AXP

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Health Care Roundup: Market Talk

0710 GMT – Novartis raised its outlook after first-quarter results beat Barclays and market expectations on a stronger-than-expected business performance and higher spending, Barclays analysts say in a note. 0652 GMT – Novartis beat expectations for first-quarter sales and earnings and raised its 2024 outlook for both metrics by a wider margin than expected, which could trigger increases to consensus expectations, Jefferies analysts say in a research note. The Swiss pharmaceutical giant reported quarterly sales of $11.83 billion and a core operating profit of $4.54 billion, beating Jefferies’s forecasts of $11.46 billion and $4.46 billion, respectively, the analysts say.

The Wall Street Journal 2 hours ago

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Trending tickers: Tesla, ABF, Novartis, Taylor Wimpey, JD Sports

The latest investor updates on stocks that are trending on Tuesday.

Yahoo Finance UK 5 hours ago

TSLA

NKE

GBPUSD=X
UPDATE 1-Healthcare, tech stocks boost STOXX 600 to one-week high

European stocks scaled to their highest levels in more than a week on Tuesday, driven by the healthcare and technology sector, as investors found comfort in upbeat corporate earnings, while the UK's FTSE 100 Index climbed to hit an all-time peak. The pan-European STOXX 600 index was up 0.6%, as of 0838 GMT, boosted by a nearly 0.9% jump in healthcare stocks .

Reuters 6 hours ago

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Novartis Raises Guidance on Profit, Sales Growth

Novartis lifted its full-year guidance after first-quarter profit and sales rose and beat consensus expectations, boosted by strong sales of key drugs.

The Wall Street Journal 7 hours ago

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Techs boost STOXX to one-week high; euro zone data on tap

European stocks scaled on Tuesday to their highest levels in more than a week, driven by the technology sector as investors found comfort in upbeat corporate earnings, while UK's FTSE 100 Index climbed to hit an all-time peak. The pan-European STOXX 600 index was up 0.6%, as of 0712 GMT, boosted by a nearly 2% jump in technology shares.

Reuters 8 hours ago

^FTSE

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UPDATE 4-Novartis raises guidance after beating Q1 expectations

Swiss drugmaker Novartis raised its full-year guidance on wider use of psoriasis and arthritis drug Cosentyx on Tuesday and said it had tapped the former boss of Bristol Myers Squibb (BMS) to become its chairman next year. It expects its 2024 net sales to grow by a high-single to low double-digit percentage with adjusted operating income growing by a low double-digit to mid-teens percentage, Novartis said in a statement. It has previously predicted that adjusted operating income would increase by a "high single-digit" percentage with "mid single-digit" sales growth.

Reuters 9 hours ago

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Novartis delivers double-digit sales growth and core margin expansion in Q1; FY 2024 guidance raised

Ad hoc announcement pursuant to Art. 53 LRQ1 net sales grew +11% (cc1, +10% USD) with core operating income up +22% (cc, +16% USD) Key growth drivers continued strong sales momentum including Entresto (+36% cc), Cosentyx (+25% cc), Kesimpta (+66% cc), Kisqali (+54% cc), Pluvicto (+47% cc) and Leqvio (+139% cc)Core operating income margin 38.4%, +340 basis points (cc), mainly driven by higher net salesOperating income grew +39% (cc, +29% USD) and net income grew +37% (cc, +25% USD), mainly driven

GlobeNewswire 10 hours ago

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Top Analyst Reports for Novartis, American Express & ConocoPhillips

Today's Research Daily features new research reports on 16 major stocks, including Novartis AG (NVS), American Express Company (AXP) and ConocoPhillips (COP).

Zacks 21 hours ago

COP

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AXP
Novartis (NVS) to Report Q1 Earnings: What to Expect?

Novartis (NVS) key drugs Entresto, Kisqali and Pluvicto are likely to have fueled its top and bottom-line numbers in the first quarter.

Zacks 4 days ago

NVS
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US FDA mandates label updates on CAR-T cancer therapies

The U.S. Food and Drug Administration said on Thursday cancer therapies that use CAR-T technology will require changes to the so-called "boxed warning" to highlight the serious risk of T-cell blood cancer in patients who use these therapies. The health regulor has required related updates to other sections of the label such as warnings and precautions, postmarketing experience, patient counseling information and medication guide. In January, the FDA asked a host of drugmakers including Gilead Sciences, Johnson & Johnson and Novartis to add a boxed warning to their CAR-T cancer therapies, as it received reports of patients developing a type of T-cell blood cancer after being treated with them.

Reuters 4 days ago

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Exploring Analyst Estimates for Novartis (NVS) Q1 Earnings, Beyond Revenue and EPS

Evaluate the expected performance of Novartis (NVS) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Zacks 5 days ago

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2 High-Yield Dividend Stocks to Buy and Hold for 10 Years

These income stocks look like good options at current levels.

Motley Fool 6 days ago

CELG-RT

NVS
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Performance Overview

Return	NVS	MSCI WORLD
YTD	+0.80%	+4.66%
1-Year	+1.47%	+17.50%
3-Year	+25.40%	+13.45%

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Novartis AG (NVS)

Novartis raises full-year guidance on Q1 beat, drug sales

Novartis Stock Jumps After Beating Expectations, Raising 2024 Guidance

How Novartis Rode Two Blockbuster Drugs To Its Beat And Raise, And Three-Day Sprint

Incyte (INCY) to Report Q1 Earnings: What's in the Cards?

Compared to Estimates, Novartis (NVS) Q1 Earnings: A Look at Key Metrics

Novartis (NVS) Q1 Earnings, Sales Beat, Guidance Raised

Stocks to Watch Tuesday: GM, Spotify, UPS, Tesla

The Zacks Analyst Blog Highlights Novartis, American Express, ConocoPhillips, Netflix and Schlumberger

Health Care Roundup: Market Talk

Trending tickers: Tesla, ABF, Novartis, Taylor Wimpey, JD Sports

UPDATE 1-Healthcare, tech stocks boost STOXX 600 to one-week high

Novartis Raises Guidance on Profit, Sales Growth

Techs boost STOXX to one-week high; euro zone data on tap

UPDATE 4-Novartis raises guidance after beating Q1 expectations

Novartis delivers double-digit sales growth and core margin expansion in Q1; FY 2024 guidance raised

Top Analyst Reports for Novartis, American Express & ConocoPhillips

Novartis (NVS) to Report Q1 Earnings: What to Expect?

US FDA mandates label updates on CAR-T cancer therapies

Exploring Analyst Estimates for Novartis (NVS) Q1 Earnings, Beyond Revenue and EPS

2 High-Yield Dividend Stocks to Buy and Hold for 10 Years

Performance Overview