Novartis Q4 Adjusted EPS $1.53 Misses $1.62 Estimate, Sales $11.42B Miss $11.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
Novartis (NYSE:NVS) reported Q4 adjusted EPS of $1.53, missing the consensus estimate of $1.62, and sales of $11.42B, also below the expected $11.76B. Despite the miss, there was a 10.07% increase in earnings and an 8.01% increase in sales compared to the same period last year.

January 31, 2024 | 8:17 am
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Novartis missed Q4 EPS and sales estimates, reporting $1.53 per share and $11.42B in sales versus estimates of $1.62 and $11.76B, respectively. However, the company saw a year-over-year increase in both metrics.
Missing the consensus estimates for both EPS and sales is likely to have a negative short-term impact on Novartis' stock price. However, the year-over-year growth in earnings and sales may provide some cushion to the negative sentiment. The score reflects the immediate negative reaction typically seen in the market to earnings misses, while the importance is high due to the significance of earnings reports in evaluating company performance. The confidence level is not at the maximum because the market may also consider the year-over-year growth positively, which could mitigate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100