Johnson & Johnson: 2Q Earnings Snapshot
Posted July 16, 2020 7:06 am.
Last Updated July 16, 2020 7:08 am.
This article is more than 5 years old.
NEW BRUNSWICK, N.J. (AP) _ Johnson & Johnson (JNJ) on Thursday reported second-quarter earnings of $3.63 billion.
The New Brunswick, New Jersey-based company said it had profit of $1.36 per share. Earnings, adjusted for one-time gains and costs, came to $1.67 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The world’s biggest maker of health care products posted revenue of $18.34 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $17.57 billion.
Johnson & Johnson expects full-year earnings in the range of $7.75 to $7.95 per share, with revenue in the range of $79.9 billion to $81.4 billion.
Johnson & Johnson shares have increased almost 2% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has climbed 10% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JNJ at https://www.zacks.com/ap/JNJ
The Associated Press
