JNJ Inventory Rises As Johnson & Johnson Outplays Trade-Fee Challenges For Third-Quarter Beat

Early Tuesday, Johnson & Johnson (JNJ) reported adjusted revenue of $2.55 per share on $23.79 billion in third-quarter gross sales. In response, JNJ inventory jumped.

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On common, analysts polled by FactSet anticipated J&J earnings of $2.48 per share on $23.36 billion in gross sales. Johnson & Johnson’s pharmaceutical section paved the best way to the earnings beat. Gross sales in J&J’s largest section climbed 9% operationally, regardless of taking the brunt of exchange-rate headwinds.

Throughout the year-earlier interval, the well being care large earned $2.60 a share on $23.34 billion in gross sales.

For the yr, Johnson & Johnson stored its steerage for $93 billion to $93.5 billion in gross sales. However the firm narrowed its adjusted revenue steerage in a spread of $10.02 to $10.07 per share. The brand new earnings outlook stored the identical midpoint of $10.05 a share. JNJ inventory analysts forecasted $10.07 in per-share earnings and $94.94 billion in gross sales.

In premarket trades on the inventory market right now, JNJ inventory superior 1.5% close to 169. Shares are forming a flat base with a purchase level at 183.45, based on MarketSmith.com.

Extra to comply with.

Comply with Allison Gatlin on Twitter at @IBD_AGatlin.

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