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-0.000625695216907699 0.000764738598442809 0.0025027808676308 0.00354560622914343 0.00319799777530595 0.00389321468298111 0.00667408231368192 0.00945494994438274
Stock impact report

Johnson & Johnson beats profit estimates but cuts forecast on coronavirus uncertainty [Reuters]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: Reuters
Johnson & Johnson beats profit estimates but cuts forecast on coronavirus uncertainty (Reuters) - Johnson & Johnson ( JNJ.N ) on Tuesday beat analysts’ estimates for first-quarter profit on higher sales of its cancer drugs and consumer products including Tylenol, while slashing its full-year forecast due to the coronavirus shutdowns. Shares of the company, which raised its dividend by 6.3% to $1.01 per share, rose 3% to $144 in trading before the bell. The company now expects 2020 adjusted earnings per share of $7.50 to $7.90, compared with its prior estimate of $8.95 to $9.10. Johnson & Johnson is the first major U.S. drugmaker to report earnings since the coronavirus outbreak forced hospitals to postpone elective surgeries and some patients to cancel appointments, hitting demand for medical devices. Sales in its medical device unit fell 8.2% to $5.93 billion in the quarter. However, sales in its consumer health unit jumped 9.2% to $3.63 billion, mainly driven by a surge in demand Show less Read more
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