Company News: Johnson & Johnson (JNJ) quarterly earnings beat analysts’ estimate

Market news

22 January 2019

Company News: Johnson & Johnson (JNJ) quarterly earnings beat analysts’ estimate

Johnson & Johnson (JNJ) reported Q4 FY 2018 earnings of $1.97 per share (versus $1.74 in Q4 FY 2017), beating analysts’ consensus estimate of $1.95.

The company’s quarterly revenues amounted to $20.394 bln (+1.0% y/y), generally in line with analysts’ consensus estimate of $20.267 bln.

The company also issued guidance for FY 2019, projecting EPS of $8.50-8.65 (versus analysts’ consensus estimate of $8.60) and revenues of $80.4-81.2 bln (versus analysts’ consensus estimate of $82.74 bln).

JNJ rose to $131.70 (+0.77%) in pre-market trading.

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The ZEW Indicator of Economic Sentiment for Germany recorded an increase of 2.5 points in January

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