Johnson & Johnson beats earnings estimates for Q2 and raises full-year guidance

4 months ago 24
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Johnson & Johnson shares JNJ, +0.94% roseate 1.1% successful premarket commercialized Wednesday, aft the user and wellness institution bushed net estimates for the 2nd 4th and raised its full-year guidance. The institution said it had nett income of $6.278 billion, oregon $2.35 a share, up from $3.626 billion, oregon $1.36 a share, successful the year-earlier period. Adjusted per-share net came to $2.48, up of the $2.29 FactSet consensus. Sales roseate 27.1% to $23.312 cardinal from $18.336 billion, besides up of the $22.490 cardinal FactSet consensus. Chief Executive Alex Gorksy said income were beardown crossed the company's aesculapian device, user wellness and pharma businesses. Consumer wellness income roseate 13.5 to $3.735 billion, pharma income roseate 17.2% to $12.599 cardinal and aesculapian instrumentality income roseate 62.7% to $$6.978 billion. The institution raised its full-year guidance and present expects adjusted EPS to scope from $9.50 to $9.60, up from anterior guidance of $9.30 to $9.45. It expects income of $92.5 cardinal to $93.3 cardinal including its COVID-19 vaccine, versus anterior guidance of $89.3 cardinal to $90.3 billion. Shares person gained 7% successful the twelvemonth to date, portion the Dow Jones Industrial Average DJIA, +1.62% has gained 12.8%.

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