Johnson And Johnson Continues To Focus On Medical Innovation
Portfolio Pulse from Upwallstreet
Johnson & Johnson (NYSE:JNJ) reported strong Q2 results with a 4.3% YoY topline growth to $22.45 billion, surpassing expectations. The medtech and innovative medicine divisions showed significant progress, although one-time charges impacted net earnings. J&J raised its full-year operational sales guidance but lowered EPS guidance due to acquisition costs.
July 17, 2024 | 6:05 pm
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Johnson & Johnson reported strong Q2 results with a 4.3% YoY topline growth to $22.45 billion, surpassing expectations. The medtech and innovative medicine divisions showed significant progress, although one-time charges impacted net earnings. J&J raised its full-year operational sales guidance but lowered EPS guidance due to acquisition costs.
The strong Q2 results and raised full-year sales guidance indicate positive momentum for J&J. However, the lowered EPS guidance due to acquisition costs may temper investor enthusiasm. Overall, the news is likely to have a positive short-term impact on J&J's stock price.
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