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Stock impact report

Johnson & Johnson tops quarterly profit estimates as medical device sales jump [CNBC]

Elevance Health, Inc. (ELV) 
Company Research Source: CNBC
Meanwhile, the company's total revenue for the period was largely in line with estimates. J&J's medtech division provides devices for surgeries, orthopedics and vision. The company is benefiting from a rebound in demand for nonurgent surgeries among older adults, who deferred those procedures during the Covid pandemic . That increased demand has been observed by health insurers like Humana UnitedHealth Group and Elevance Health Here's what J&J reported for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.71 adjusted vs. $2.64 expected Revenue: $21.38 billion vs. $21.4 billion expected J&J's financial results are considered a bellwether for the broader health sector. The company reported $21.38 billion in total sales for the first three months of 2024, up more than 2% from the same quarter in 2023. The pharmaceutical giant booked net income of $5.35 billion, or $2.20 per share during the qua Show less Read more
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