Johnson & Johnson’s stock rose 1.5% in premarket trade Tuesday, after the medtech and drug company posted better-than-expected third-quarter earnings and raised its profit guidance. The New Brunswick, N.J.-based company posted net income of $4.309 billion, or $1.
69 a share, for the quarter, after earnings of $4.310 billion, or $1.62 a share, in the year-earlier period. Adjusted per-share earnings came to $2.66, ahead of the $2.52 FactSet consensus. Sales rose 6.8% to $21.351 billion from $19.996 billion a year ago, also ahead of the $21.036 billion FactSet consensus.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Earnings Tuesday: Bank of America, Goldman Sachs continue parade of bank reportsFollow along with MarketWatch's live coverage of Tuesday's earnings slate.
Source: MarketWatch - 🏆 3. / 97 Read more »
Bank of America earnings: What to expectSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 futures drift as Goldman Sachs and Bank of America earnings awaitedJamie Chisholm is a markets reporter based in London.
Source: MarketWatch - 🏆 3. / 97 Read more »
Bank of America is set to report third-quarter earnings — here's what the Street expectsBank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.
Source: NBCDFW - 🏆 288. / 63 Read more »
Bank of America is set to report third-quarter earnings — here's what the Street expectsBank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.
Source: NBCLA - 🏆 319. / 59 Read more »
Here's what all the major analysts expect from Goldman Sachs' earnings TuesdayThe bank is scheduled to report its third-quarter earnings on Tuesday before the market opens.
Source: CNBC - 🏆 12. / 72 Read more »