Novartis reports better earnings on higher sales in Q2, raises guidance

[anonymous]

Novartis on Thursday surprised Wall Street by reporting a year-over-year increase in net earnings in Q2, helped by higher sales and a one-time divestment gain. The company said its earnings grew 14% to $1.34 per share, even as analysts were anticipating a decline.
Riding on the strong sales of its psoriasis drug Cosentyx and oncology drug Entresto, total net sales during the quarter improved 4% to $11.76 billion, surpassing the street view of $11.5 billion. On a constant currency basis sales of Cosentyx grew 25%, and Entresto jumped 81%.

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[anonymous]

Novartis on Thursday surprised Wall Street by reporting a year-over-year increase in net earnings in Q2, helped by higher sales and a one-time divestment gain. The company said its earnings grew 14% to $1.34 per share, even as analysts were anticipating a decline.
Riding on the strong sales of its psoriasis drug Cosentyx and oncology drug Entresto, total net sales during the quarter improved 4% to $11.76 billion, surpassing the street view of $11.5 billion. On a constant currency basis sales of Cosentyx grew 25%, and Entresto jumped 81%.

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You weirdo, Entresto is not an oncology drug. Remove the dust from your eyes. Probably cooked up data just like the brains of the senior leaders - cooked up.