U.S. factory stoppage hits Novartis Q1 earnings
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U.S. factory stoppage hits Novartis Q1 earnings

www.reuters.com   | 24.04.2012.

ZURICH (Reuters) - Swiss drugmaker Novartis AG on Tuesday stuck to its outlook for lower profitability this year, as a stoppage at a U.S. manufacturing site and tough comparisons in its Sandoz division hit first-quarter core earnings.
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Core earnings per share fell 10 percent to $1.27 in the first quarter, compared to the average estimate of $1.32 in a Reuters poll of analysts.

(Reporting by Caroline Copley)


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