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Major investors adjusted stakes in Novartis, which reported stronger-than-expected earnings.
Several major investors adjusted their stakes in Novartis AG in the fourth quarter, with Hartford Funds Management Co LLC increasing its position by 9.6% and Marco Investment Management LLC reducing holdings by 2.0%.
Novartis reported a stronger-than-expected $1.98 EPS for the last quarter, beating estimates by $0.18, and analysts forecast 8.45 EPS for the year.
The Swiss pharmaceutical company specializes in therapeutic areas including cardiovascular, renal and metabolic conditions, immunology, neuroscience, and oncology.
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Los principales inversores ajustaron las participaciones en Novartis, que informó de ingresos más altos de lo esperado.