Novartis Now Expects 2024 Net Sales To Grow High Single To Low Double-Digit And Core Operating Income To Grow Mid- To High Teens (Prior Low Double-Digit To Mid-Teens)
Portfolio Pulse from Benzinga Newsdesk
Novartis has updated its 2024 financial outlook, now expecting net sales to grow in the high single to low double-digit range and core operating income to grow in the mid- to high teens, an improvement from its previous forecast.
July 18, 2024 | 5:23 am
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Novartis has revised its 2024 financial outlook, projecting higher growth in net sales and core operating income compared to its previous forecast. This positive revision is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The upward revision in financial outlook indicates stronger than expected performance, which is likely to boost investor confidence and positively impact the stock price in the short term.
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