• Company News: Johnson & Johnson (JNJ) quarterly results beat analysts’ expectations

Market news

16 April 2019

Company News: Johnson & Johnson (JNJ) quarterly results beat analysts’ expectations

Johnson & Johnson (JNJ) reported Q1 FY 2019 earnings of $2.10 per share (versus $2.06 in Q1 FY 2018), beating analysts’ consensus of $2.04.

The company’s quarterly revenues amounted to $20.021 bln (+0.10% y/y), beating analysts’ consensus estimate of $19.549 bln.

The company also reaffirmed guidance for FY 2019, projecting EPS of $8.53-8.63 (versus analysts’ consensus estimate of $8.59) and revenues of $80.4-81.2 bln (versus analysts’ consensus estimate of $81.17 bln).

JNJ rose to $137.93 (+1.03%) in pre-market trading.

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