0658 GMT - Novo Nordisk shares are set to fall at the European open as investors react to disappointing 2026 guidance, Sydbank senior analyst Soren Lontoft Hansen writes. Shares fell 15% in New York trading Tuesday after the company announced earnings a day earlier than planned. The 2026 forecast is the overriding focus point, and although the market expected a decline in revenue and earnings this year due to headwinds, the forecast is weaker than expected, Hansen says. Novo Nordisk forecasts a drop in adjusted revenue and adjusted earnings of 5% to 13% versus market expectations for drops of 2.1% and 3.6% respectively. "This means that even stronger headwinds are set for 2026 - especially on the price side - than previously expected." A share buyback of up to 15 billion Danish kroner is a positive, he adds. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
February 04, 2026 01:58 ET (06:58 GMT)
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