0924 GMT - Novo Nordisk's narrowed outlook to the bottom end of the range suggests up to 3 percentage points of consensus sales downgrades, analysts at Jefferies write. Underlying consensus operating profit downgrades are likely to be smaller than this though, as estimates probably didn't take into account the Danish pharmaceutical company's recently announced restructuring and associated costs, they add. Third-quarter sales missed expectations by 2%, with Wegovy 3% light and Rybelsus a 7% miss while Ozempic sales are 2% ahead due to one-offs. A significantly weaker gross margin but lower operating expenditure leaves EBIT 8% below consensus, albeit likely skewed by estimates from prior to the restructuring announcement, Jefferies says. Shares rise 1.7%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
November 05, 2025 04:24 ET (09:24 GMT)
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