BAGSVAERD, Denmark (AP) — BAGSVAERD, Denmark (AP) — Novo Nordisk A/S (NVO) on Wednesday reported third-quarter profit of $2.58 billion.

The Bagsvaerd, Denmark-based company said it had net income of 58 cents per share. Earnings, adjusted for non-recurring costs, were 89 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The drugmaker posted revenue of $12.19 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $11.39 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVO at https://www.zacks.com/ap/NVO