0810 GMT - Novo Nordisk's guidance cut is slightly greater than expected, with sales expectations lowered 3 percentage points and leaving consensus above the top end of the range, Jefferies analysts write. The EBIT target was also cut 3 percentage points. The lowered outlooks for sales and profit are likely 1-2 percentage points greater than expected, though potential consensus downgrades are likely greater due to currency. Sales of Wegovy missed by 7%, whilst Ozempic beat by 3%. Lower research and development and sales and distribution costs drove a 4% EBIT and 5% EPS beat. Focus now shifts to Wegovy trends and additional data readouts at the American Diabetes Association conference in June, Jefferies says. Shares rise 4.8%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 04:10 ET (08:10 GMT)
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