Shares of Novo Nordisk (NYSE: NVO) trended upwards in pre-market trading on Wednesday after the Danish pharma company reported its financial results for the third quarter with net sales of DKK45.6 billion, a jump of 28% year-over-year.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Earnings came in at DKK6.34 per diluted share in Q3, up 20% year-over-year.
Novo Nordisk also raised its FY22 outlook and now expects sales growth to be in the range of 14% to 17% at constant exchange rates (CER) and “operating profit growth is now expected to be 13-16% at CER.”