Novartis Now Expects 2024 Net Sales To Grow High Single To Low Double-Digit (Prior Mid-Single-Digit) And Core Operating Income To Grow Low Double-Digit To Mid-Teens (Prior High Single-Digit)
Portfolio Pulse from Benzinga Newsdesk
Novartis has updated its financial outlook for 2024, now expecting net sales to grow in the high single to low double-digit range, up from the previously forecasted mid-single-digit growth. Similarly, core operating income is now anticipated to grow in the low double-digit to mid-teens range, an increase from the prior expectation of high single-digit growth.
April 23, 2024 | 6:37 am
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POSITIVE IMPACT
Novartis has significantly raised its financial expectations for 2024, indicating a positive outlook on both net sales and core operating income growth.
The upward revision in Novartis' financial outlook for 2024 suggests a stronger performance than previously anticipated. This positive news is likely to be well-received by investors, potentially leading to an increase in stock price in the short term as market sentiment around the company improves.
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