Why Novartis (NVS) Stock Is Down Today

NEW YORK (TheStreet) -- Novartis (NVS) shares are down -1.2% to $88.93 on Thursday after reporting second quarter earnings of $1.34 that missed Bloomberg analysts estimates by 3 cents.

The worlds largest drug maker reported a year over year quarterly revenue increase of 1% to $14.64 billion, below analysts $14.83 billion forecast.

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TheStreet Ratings team rates NOVARTIS AG as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate NOVARTIS AG (NVS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

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