European earnings roundup

|By:, SA News Editor

Novartis (NYSE:NVS) +2% premarket after confirming its 2017 outlook and declaring its still on the M&A hunt.

Ericsson (NASDAQ:ERIC) promised to continue cost-cutting efforts, with writedowns and restructuring fees dragging earnings into the red.

Growing software spending, SAP +1% premarket as sales again topped estimates.