Novartis (VTX:NOVN) Full Year 2022 Results
Key Financial Results
Revenue: US$51.8b (down 2.0% from FY 2021).
Net income: US$6.96b (down 71% from FY 2021).
Profit margin: 13% (down from 45% in FY 2021). The decrease in margin was primarily driven by higher expenses.
EPS: US$3.19 (down from US$10.71 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Novartis Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Pharmaceuticals industry in Europe.
The company's shares are down 5.3% from a week ago.
Before we wrap up, we've discovered 1 warning sign for Novartis that you should be aware of.
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