Novartis AG (NVS) reported that its first-quarter net income declined 5% or 7% at constant currencies to $2.1 billion from the previous year, mainly due to lower operating income. Earnings per share was $0.91 down from $0.96 in prior year.
Quarterly operating income was $2.4 billion, down 12% or 14% at constant currencies from the previous year, mainly due to lower gross profit impacted by pricing erosion at Sandoz, manufacturing restructuring, higher impairments, partly offset by lower legal expenses.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.