COPENHAGEN (Reuters) - Denmark's Novo Nordisk lifted third-quarter core profit by 40 percent and above expectations on the back of strong sales of diabetes drug Victoza and modern insulins.
The world's biggest insulin producer raised its 2012 sales growth forecast in local currencies to 10 to 12 percent from 9 to 12 percent and said it expected operating profit growth of 16 to 18 percent versus 15 percent previously.
"Continued strong sales of our modern insulins and Victoza have led to a robust financial performance in the first nine months of 2012," Chief Executive Lars Sorensen said.
Releasing forecasts for 2013, Novo Nordisk said it saw operating profits and sales growth in high single digits, measured in local currencies.
"The expectations to 2013 sales could have been a little higher," said Sydbank analyst Soren Lontoft.
"The earnings forecast looks fine considering the high costs for the launch of Tresiba in the new year," Lontoft said.
Earnings before interest and tax (EBIT) rose to 7.86 billion Danish crowns ($1.37 billion) from 5.61 billion in the third quarter last year, beating an average 7.23 billion forecast in a Reuters poll of analysts.
Sales of Victoza, one of Novo's biggest growth drivers, jumped 62 percent in the quarter while sales of modern insulins grew 23 percent.
Sales grew 20 percent year-on-year to 19.85 billion crowns, roughly in line with analysts' average 19.92 billion estimate.
Novo Nordisk said a new share buy back programme would be launched shortly.
(Reporting by Mette Fraende; Editing by David Cowell)
Source: http://news.yahoo.com/novo-nordisk-raises-view-q3-beats-fcasts-071935802--finance.html
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What I?ve seen in the past with clubs in a spiral is the tendency to lose focus.? Players, coaches, and staff start to shift their thoughts and efforts towards self preservation and maintaining personal status quo.? If leadership can?t keep them focused on the team?s mission, and or goals still attainable, then individuals will refocus upon their own.? It?s a fine line between failure and success that your team walks at the moment.
How your team responds to adversity is a tell tale sign of how close they are as a unit.? Does coaching and management appear to ?publicly criticize individuals or position groups?? Are team members outwardly showing on the field frustration or off the field testiness?? Do turnovers and penalties still play a major role in your team?s efforts?? The tendency of fractured teams is to place the blame elsewhere, to deflect any criticism on to others, and to ensure that close evaluation & scrutiny is diverted elsewhere.
If you recall, The Football Educator researched the time frame where most NFL regimes wear out their welcome.? After 3 years, with no playoffs and no improvement, NFL owners are inclined to make a change.? Cleveland, Jacksonville, Kansas City, and Carolina are all clear of the 3 year ceiling.? But it?s improvement that will be the ultimate measuring stick.
After completing my second (non-fiction) memoir?and turning down a New York agent?s request for the manuscript because I realized I didn?t want to go public with the book?I turned to fiction in 2010 and began to write a novel, Cherry Bomb. Several agents are reading the manuscript now (fingers and toes crossed) and while I?m waiting, I?m reading about trends in the worlds of fiction and nonfiction.
Art? Sure. But not just any kind of art. I am a huge fan of abstract art. While I can appreciate the talent required for an artist to lay down a brilliantly accurate work of realism?and I know there is art involved, not just craft?I am moved in a different way by the artist?s expression in an abstract work. This explains why I?m so drawn to Coptic icons (which feature in my novel) with their simple, almost cartoonish features, more so than traditional Byzantine icons. (It?s not that I don?t love the Byzantine icons, too?and I?ve painted about 50 of them?but the execution of them feels more like craft than art.)
Why do these terms even matter? I?m being asked to categorize my novel when I query literary agents, and usually I say ?literary,? but sometimes I say, ?high-end commercial,? or ?women?s fiction.? I wish there was a category that just says ?kick-ass, artistic fiction.? Maybe that?s too self-serving. I?m afraid to say ?chick lit? because it?s gotten such a bad rap recently. 
The lines seem kind of blurred to me. Can?t literary fiction maintain a ?strong narrative storyline? while developing ?enviable prose? and ?internal character conflicts?? I think some of my favorite novels do this, like Michael Cunningham?s The Hours, Pat Conroy?s The Prince of Tides, and T. C. Boyles? The Women.
