>>Stocks Drop for Reading's Novartis Amid Positive Quarterly Results
(Reading, PA) -- By most measurements, Novartis, which has facilities in King of Prussia and Reading, had a successful year and a successful fourth quarter in 2021. Sales were up, net income was up, earnings per share were up. However, Wall Street reportedly expected higher earnings and Novartis stock had dropped three and a half percent after earnings were announced Tuesday. Fourth quarter net sales were 13.2 billion dollars, driven by volume growth of eleven percent. Full year net sales were just over 51.5 billion-dollars.