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Novartis reports $11.5 billion in quarterly sales

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Novartis reported net sales of $11.5 billion in the first quarter compared with $11.6 billion in the same quarter of 2016, according to a press release.

Net income was reported at $1.7 million, a decrease from $2 million in 2016’s first quarter.

Alcon sales were $1.4 billion, which was the same as last year.

There was an operating loss of $43 million for Alcon compared with an income of $31 million in 2016’s first quarter, while core operating income was reported at $187 million compared with $243 million in 2016.