Novartis Beats Expectations, but Guidance Reiteration Surprises

Dow Jones

Jul 21

0649 GMT - Novartis's second-quarter results were clearly above expectations, but it is surprising that its solid performance didn't trigger a guidance upgrade, Vontobel's Stefan Schneider says in a research note. The Swiss drugmaker reported better-than-expected sales despite a hit from generic competition that was bigger than anticipated, Schneider says. Core operating profit exceeded consensus forecasts by a wider margin, which is surprising given the faster-than-expected generic erosion, he adds. Novartis had guided at the start of the year for a better performance in the second half than in the first, but it left its guidance unchanged despite a good second-quarter result, Vontobel says. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

July 21, 2026 02:49 ET (06:49 GMT)

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The Swiss drugmaker reported better-than-expected sales despite a hit from generic competition that was bigger than anticipated, Schneider says. Core operating profit exceeded consensus forecasts by a wider margin, which is surprising given the faster-than-expected generic erosion, he adds. Novartis had guided at the start of the year for a better performance in the second half than in the first, but it left its guidance unchanged despite a good second-quarter result, Vontobel says. 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The Swiss drugmaker reported better-than-expected sales despite a hit from generic competition that was bigger than anticipated, Schneider says. Core operating profit exceeded consensus forecasts by a wider margin, which is surprising given the faster-than-expected generic erosion, he adds. Novartis had guided at the start of the year for a better performance in the second half than in the first, but it left its guidance unchanged despite a good second-quarter result, Vontobel says. (adria.calatayud@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 21, 2026 02:49 ET (06:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0009355771.USD","symbol_name":"骏利亨德森环球生命科技A Acc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653221404","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653221404","pubTimestamp":1784616540,"columns":[{"name":"Data Report","id":30,"label_key":"dataReport"}],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0649 GMT - Novartis's second-quarter results were clearly above expectations, but it is surprising that its solid performance didn't trigger a guidance upgrade, Vontobel's Stefan Schneider says in a research note. The Swiss drugmaker reported better-than-expected sales despite a hit from generic competition that was bigger than anticipated, Schneider says. Core operating profit exceeded consensus forecasts by a wider margin, which is surprising given the faster-than-expected generic erosion, he adds. Novartis had guided at the start of the year for a better performance in the second half than in the first, but it left its guidance unchanged despite a good second-quarter result, Vontobel says.  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The Swiss drugmaker reported better-than-expected sales despite a hit from generic competition that was bigger than anticipated, Schneider says. Core operating profit exceeded consensus forecasts by a wider margin, which is surprising given the faster-than-expected generic erosion, he adds. Novartis had guided at the start of the year for a better performance in the second half than in the first, but it left its guidance unchanged despite a good second-quarter result, Vontobel says. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 21, 2026 02:49 ET (06:49 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}