Company News: Johnson & Johnson (JNJ) quarterly profit beats expectation

Market news

13 October 2015

Company News: Johnson & Johnson (JNJ) quarterly profit beats expectation

The company reported Q3 profit of $1.49 per share versus $1.45 consensus. Its revenues reduced by 7.4% y/y to $17.102 bln, missing consensus of $17.474 bln.

Johnson & Johnson revised upwards its EPS FY15 guidance to $6.15-6.20 from $6.10-6.20. The analysts' consensus forecast for the company's EPS FY15 stands at $6.18.

JNJ rose to $96.25 (+0.27%) in pre-market trading.

Reuters reports the German government will downgrade its 2015 growth forecasts

Japan’s consumer confidence index declines to 40.6 in September

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