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European shares gain on earnings boost; Novo Nordisk slips

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European shares gain on earnings boost; Novo Nordisk slips

- European shares opened higher on Wednesday, as a slew of upbeat corporate earnings lifted sentiment, although gains were capped after heavyweight Novo Nordisk (NYSE:Novo Nordisk dropped 6.6% after the obesity drugmaker posted quarterly operating profit below expectations and also cut its annual profit outlook.

Among other notable moves, car parts maker Continental jumped 5% after it trounced expectations for second-quarter results.Beiersdorf slipped nearly 4% despite the Nivea maker reporting a 7.1% organic sales growth for the first half of the year.

 

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