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.




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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.

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