- Company News: Johnson & Johnson (JNJ) quarterly results beat analysts’ expectations
Market news
16 July 2020
Company News: Johnson & Johnson (JNJ) quarterly results beat analysts’ expectations
Johnson & Johnson (JNJ) reported Q2 FY 2020 earnings of $1.67 per share (versus $2.58 per share in Q2 FY 2019), beating analysts’ consensus estimate of $1.51 per share.
The company’s quarterly revenues amounted to $18.336 bln (-10.8% y/y), beating analysts’ consensus estimate of $17.730 bln.
The company also issued raised guidance for FY2020, projecting EPS of $7.75-7.95 (compared to its previous forecast of $7.50-7.70 and analysts’ consensus estimate of $7.75) and revenues of $81.0-82.5 bln (compared to its previous forecast of $79.2-82.2 bln and analysts’ consensus estimate of $79.7 bln).
JNJ fell to $147.55 (-0.48%) in pre-market trading.
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