Johnson & Johnson sees recovery in coronavirus-hit medical devices unit at end of year [Toronto Globe and Mail (Ontario, Canada)]
Johnson & Johnson (JNJ)
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Source: Toronto Globe and Mail
Johnson & Johnson sees recovery in coronavirus-hit medical devices unit at end of year Johnson & Johnson on Tuesday said it expects its medical device business to begin recovering in the fourth quarter as elective medical procedures delayed by the coronavirus pandemic start to resume. The U.S. healthcare conglomerate lowered its full-year 2020 forecast due to the hit to its medical device business with procedures like hip and knee replacements on hold. The division accounts for nearly 30 per cent of its total quarterly sales. However, investors appeared to take heart that J&J did not simply withdraw its 2020 forecasts over coronavirus uncertainty as the pandemic causes massive business disruptions around the world. It also raised the quarterly dividend to $1.01 per share, and its shares rose 5 per cent to $146.89 J&J’s forecast for 2020 adjusted earnings of $7.50 to $7.90 per share - down from its prior estimate of $8.95 to $9.10 - assumes that a return of the coronavirus outbreak in
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JNJ
Earnings
- 10/14/25 - Beat
JNJ
Sec Filings
- 12/1/25 - Form 4
- 11/13/25 - Form 13F-HR
- 10/22/25 - Form 10-Q
- JNJ's page on the SEC website