for over-the-counter medicine and packaged consumer goods during the ongoing coronavirus health crisis.
Johnson & Johnson reported profits of $2.30 per share—higher than the $2 per share forecast by analysts, and sales rose 3.3% from a year ago to $20.7 billion, compared to the $19.5 billion analysts expected.as consumers sought to use over-the-counter medicines to reduce fever and other symptoms associated with coronavirus.by 6.3%, from 95 cents per share to $1.01 per share—a pleasant surprise for investors who have been bracing for the impact of Covid-19 on corporate earnings reports.
The dividend increase came even as the company lowered its full-year forecast for 2020, saying that it expects a decline in sales and higher expenses as it spends more in response to the pandemic.in late March that it plans to begin human trials for the vaccine by September and that it could be widely available by 2021.
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