HomeBusinessJohnson & Johnson shares fall due to light selling, but profit exceeds...

Johnson & Johnson shares fall due to light selling, but profit exceeds expectations

early Tuesday, Johnson & Johnson (JNJ) reported adjusted earnings of $2.71 per share on revenue of $21.38 billion in the first quarter. Johnson & Johnson shares fell slightly.


Analysts polled by FactSet expected the pharmaceutical and medical giant to earn $2.64 per share and report revenue of $21.39 billion.

During the year-ago period, Johnson & Johnson earned $2.41 per share on revenue of $20.89 billion.

For the year, J&J expected adjusted earnings of $10.57 to $10.72 per share and revenue of $88 billion to $88.4 billion. Analysts expected earnings of $10.66 per share and $88.42 billion in revenue.

In premarket trading on today’s stock market, shares of Johnson & Johnson fell 0.7% to 146.50.

More to follow.

Follow Allison Gatlin on X, the platform formerly known as Twitter, at @IBD_AGatlin.


Neumora Stock Hits Low in 2024 as Side Effects in Rabbits Torpedo Schizophrenia Drug

Why Wall Street got even more excited about the glucose monitor – and how Dexcom and Abbott Labs can benefit

See also  Fort Worth's tallest building is selling at auction for just $12.3 million, with a stunning price drop

Join IBD Live every morning before open for stock ideas

Want more IBD insights? Subscribe to our investing podcast!

Stocks to buy and watch: top IPOs, large and small caps, growth stocks

- Advertisement -


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments