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BASEL, Switzerland (AP) — BASEL, Switzerland (AP) — Novartis AG (NVS) on Tuesday reported first-quarter net income of $3.61 billion.
On a per-share basis, the Basel, Switzerland-based company said it had net income of $1.83. Earnings, adjusted for non-recurring costs, were $2.28 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The drugmaker posted revenue of $13.23 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $12.86 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVS at https://www.zacks.com/ap/NVS