Johnson & Johnson: 1Q Earnings Snapshot
Posted April 14, 2020 6:44 am.
Last Updated April 14, 2020 6:54 am.
This article is more than 5 years old.
NEW BRUNSWICK, N.J. (AP) _ Johnson & Johnson (JNJ) on Tuesday reported first-quarter profit of $5.8 billion.
On a per-share basis, the New Brunswick, New Jersey-based company said it had net income of $2.17. Earnings, adjusted for one-time gains and costs, were $2.30 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The world’s biggest maker of health care products posted revenue of $20.69 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $19.25 billion.
Johnson & Johnson expects full-year earnings in the range of $7.50 to $7.90 per share, with revenue in the range of $77.5 billion to $80.5 billion.
Johnson & Johnson shares have dropped 4% since the beginning of the year, while the Standard & Poor’s 500 index has decreased 15%. The stock has climbed 3% in the last 12 months.
_____
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
