finance.yahoo.com

Novartis Reaffirms 2026 Guidance as Generic Erosion Weighs on Earnings

Bristol-Myers Squibb logoBristol-Myers Squibb
Sig2.65Sen+5.35Env0.00Soc0.00Gov0.00
Novartis logoNovartis
Sig1.85Sen-1.35Env0.00Soc0.00Gov0.00

Novartis reaffirmed its full-year 2026 guidance, targeting low single-digit sales growth and a low single-digit decline in core operating income, as generic erosion continues to weigh on earnings. In the same quarter, Bristol Myers reported $13.0 billion revenue and raised full-year guidance, while Novartis hedge fund holders increased from 31 to 38.

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