Johnson & Johnson 2019 revenue forecast misses expectations [Reuters]
Johnson & Johnson (JNJ)
Last johnson & johnson earnings: 4/14 06:31 am
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Source: Reuters
Johnson & Johnson 2019 revenue forecast misses expectations | Reuters 2 Min Read (Reuters) - Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts’ estimates after reporting better-than- expected fourth-quarter profit and revenue. The company said it expects 2019 sales in the range of $80.4 billion to $81.2 billion, compared with the average analyst estimate of $82.69 billion, according to IBES data from Refinitiv. Overall fourth-quarter sales rose to $20.39 billion from $20.20 billion, also topping the Wall Street estimate of $20.20 billion. Pharmaceuticals sales rose 5.3 percent to $10.19 billion in the fourth quarter, led by Crohn’s disease treatment Stelara. Analysts had expected revenue of $10.08 billion for the unit. The company posted net profit of $3.04 billion, or $1.12 per share, for the fourth quarter, compared with a loss of $10.71 billion, or $3.99 per share, a year earlier, when it recorded a $13.6 billion charge related to changes to the U.S. tax
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JNJ
Earnings
- 4/16/24 - Beat
JNJ
Sec Filings
- 4/16/24 - Form 8-K/A
- 4/16/24 - Form 8-K
- 3/27/24 - Form PX14A6G
- JNJ's page on the SEC website