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";s:4:"text";s:13720:"Core net income rose to $2.99 billion while sales rose 9% to $12.4 billion. The business earned $11.35 billion during the quarter, compared to the consensus estimate of $11.77 billion. Zacks’ just-released special report reveals 8 stocks to watch. © 2020 CNBC LLC. Higher contributions from Zolgensma (gene therapy for pediatric patients with spinal muscular atrophy) and Xiidra might have resulted in incremental sales for this business unit. © American Consumer News, LLC dba MarketBeat® 2010-2020. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. In the last reported quarter, the company missed expectations by 0.76%. The company is also evaluating Jakafi (ruxolitinib) in collaboration with partner Incyte INCY in a phase III study in patients aged 12 years or older with COVID-19-associated cytokine storm. Please log in to your account or sign up in order to add this asset to your watchlist. Let's see how things are shaping up for this announcement. Novartis AG (NVS) latest earnings report: revenue, EPS, surprise, history, news and analysis. The report will be for the fiscal Quarter ending Sep 2020. Glaxo GSK has an Earnings ESP of +3.19% and a Zacks Rank #3. Investors will also be keen on updates on new drug approvals. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. We had all of our investors come in and naturally, of course, there are questions (about) some of the setbacks that we had but I think when you look at the broad trends that they see at Novartis, I think they are seeing the right things.". — CNBC's Sam Meredith contributed to this report. The Innovative Medicines division is likely to have maintained momentum in the first quarter on the back of strong performance by legacy drugs and incremental contributions from new drugs. MarketBrief: How to Maneuver More Volatility, U.S. Markets Will Need Some Stimulus: PineBridge's Nicola, #TradeTalks: How Liquidity has Shifted in 2020 #STAVirtualConference, Why Warren Buffett's Protege Just Bought This Dirt-Cheap Brick-and-Mortar Retailer, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. To see all exchange delays and terms of use please see disclaimer. All rights reserved. However, the outbreak of the COVID-19 pandemic might have dented sales in the latter half of the quarter due to the global lockdown. Cosentyx's sales for the 12-month period rose 28% to $3.6 billion, heart drug Entresto was up 71% to $1.7 billion and Zolgensma for spinal muscular atrophy hit $361 million. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Yes! In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity. You can see the complete list of today’s Zacks #1 Rank stocks here. Early investors could see gains similar to buying Microsoft in the 1990s. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? The company is scheduled to release results on Apr 29. Novartis's fourth-quarter core net income rose 13% in constant currencies, helped as its new Zolgensma gene therapy gained traction and five-year-old … Novartis (NVS) Q2 2020 Earnings Call Transcript NVS earnings call for the period ending June 30, 2020. Learn about financial terms, types of investments, trading strategies and more. Kisqali and Kymriah and the launch uptake of Piqray boosted the oncology unit in the previous quarter and have most likely fueled the top line in the first quarter as well. Novartis last announced its earnings data on July 21st, 2020. These factors along with supply-chain disruptions will adversely impact performance and outlook for the remainder of the year. Swiss pharma giant Novartis AG NVS is scheduled to report first-quarter 2020 results on Apr 28. Get this delivered to your inbox, and more info about our products and services. The stock has lost 6.3% in the year so far compared with the industry's decline of 1.8%. Looking for new stock ideas? Learn more. For 2020, the Swiss drugmaker expects net sales to grow in the mid-to high-single-digit percentage range, with core operating income expected to grow in the high-single to low-double-digit percentages. Novartis hit its full-year 2019 target of high single-digit sales growth and rising profits. Shares are up 1.3% since reporting last quarter. Novartis has confirmed that its next quarterly earnings report will be published on Tuesday, October 27th, 2020. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. © 2020, Nasdaq, Inc. All Rights Reserved. Nevertheless, a strong biopharmaceutical business, driven by continued strong growth in Europe from Hyrimoz (adalimumab), Rixathon (rituximab) and Erelzi (etanercept), is likely to have offset the decline in the United States. The company did not provide any quarterly guidance. Current technology will soon be outdated and replaced by these new devices. View our full suite of financial calendars and market data tables, all for free. Novartis Ag (NVS) reports earnings on 10/27/2020. Novartis is also planning to repurpose some of its approved drugs, which are likely to be potent against COVID-19. Biggest Tech Breakthrough in a Generation. Today, that discovery is still the heart of the Zacks Rank. Export data to Excel for your own analysis. Price erosion in the United States will continue to reflect in Sandoz’s sales in the first quarter. "It is our job to keep that momentum going and keep demonstrating we are living by the words that we put out there," Narasimhan said. 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