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Novo Nordisk Q3 Net Profit Edges Up, Operating Profit Down; Confirms FY20 View

Danish pharmaceutical company Novo Nordisk A/S (NVO) reported Friday that its third-quarter net profit edged up 1 percent to 10.30 billion Danish kroner from last year's 10.19 billion kroner. Earnings per share/ADR grew 3 percent to 4.42 kroner from 4.29 kroner last year.

Operating profit decreased 1 percent from last year to 12.81 billion kroner. The gross margin was 83.3 percent, slightly higher than 83.2 percent last year.

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by RTTNews Staff Writer

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