0801 GMT - Novartis is likely to confirm its 2026 guidance when it reports first-quarter results later this month, J.P. Morgan analysts say in a research note. The Swiss drugmaker likely had a solid first quarter, even though the loss of U.S. sales from the Entresto heart drug due to generic competition and favorable pricing trends in the year-earlier period should weigh on sales, JPM says. The analysts estimate Novartis's first-quarter sales at $13.56 billion, core operating profit at $5.15 billion and core EPS at $2.10. Novartis guided for 2026 sales growth in the low-single-digit percentage range and core operating profit to decline by a low single digit when excluding currency changes, an outlook JPM expects to be reiterated. Shares are flat at 122.90 Swiss francs. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 02, 2026 04:01 ET (08:01 GMT)
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