Johnson & Johnson beats third-quarter earnings expectations, raises guidance

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Johnson & Johnson on Tuesday reported third-quarter earnings and revenue that beat Wall Street's expectations, led by higher sales in its medical-device unit.

Johnson & Johnson

on Tuesday reported third-quarter earnings and revenue that beat Wall Street's expectations, led by higher sales in its medical-device unit. J&J reported an adjusted earnings of $2.20 per share, higher than the $1.98 per share projected by analysts surveyed by Refinitiv. The company generated $21.08 billion in revenue, higher than the $20.20 billion expected.

The company also raised its full-year guidance, expecting adjusted earnings of $7.95 to $8.05 from per share from $7.75 to $7.95 per share. It also raised its sales forecast to between $82.0 billion and $82.8 billion from $79.9 billion and $81.4 billion.backed by the Trump administration's Covid-19 vaccine program Operation Warp Speed to enter late-stage testing.that the 60,000-patient clinical trial had been temporarily paused due to an unexplained illness in a study participant.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What a nightmare interview megtirrell Wow.

🎉

... they haunted trials also--

Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in just a week,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors Are Betting Corporate Earnings Have Turned a CornerInvestors are entering third-quarter earnings season with brighter expectations for corporate profits, a bet they hope will propel the next leg of the stock market’s rally. Future of Education 👩‍💻❤👩‍🎓 Marketplace for online microcredentials OpenLearning to solve a skills shortage Micro-credentialing will be recognised by employers as globally accepted industry standard Young people are giving up on their dream job We must support upskill for job opportunities. Else risk losing their future and our economy. Economic recovery will be built on educated upskilled workforce We know from experience, economic downturns lead to upturns in demand for education. An undisclosed amount of government funding will be invested in Micro-credentials.
Source: WSJ - 🏆 98. / 63 Read more »

Third-quarter earnings season kicks off this week and results should be much better than expectedOf the 22 S&P 500 companies that already reported, 20 beat estimates, a much higher beat rate than usual. Of course they will! If my old sales manager set my goals like Wall Street analysts set expectations, I would have blow away my quota every quarter.
Source: CNBC - 🏆 12. / 72 Read more »

Johnson & Johnson coronavirus vaccine trials paused - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Uh oh. No politics in medicine. A VACCINE SHOULD NOT BE R U S H E D !!! THAT'S WHAT TRUMP WANTS BUT HE DOESN'T CARE IF AMERICANS DIES FROM UNTESTED VACCINES WE ALREADY KNOW THAT... HE JUST WANTS TO BE RE-ELECTED. N O W A Y !!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »