Johnson & Johnson Completes V-Wave Acquisition; Expects Transaction To Dilute Adj. EPS By ~$0.24 In 2024 And ~$0.06 In 2025, Will Provide Update To 2024 Outlook In Oct. 15 Earnings Report
Portfolio Pulse from Benzinga Newsdesk
Johnson & Johnson has completed the acquisition of V-Wave. The company expects this transaction to dilute its adjusted EPS by approximately $0.24 in 2024 and $0.06 in 2025. An update to the 2024 outlook will be provided in the October 15 earnings report.
October 09, 2024 | 12:03 pm
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Johnson & Johnson has finalized its acquisition of V-Wave, which is expected to dilute its adjusted EPS by $0.24 in 2024 and $0.06 in 2025. The company will update its 2024 outlook in the upcoming earnings report on October 15.
The acquisition of V-Wave by Johnson & Johnson is expected to have a negative short-term impact on the company's earnings per share, as indicated by the projected dilution figures for 2024 and 2025. This could lead to a negative sentiment among investors, potentially affecting the stock price negatively in the short term. The upcoming earnings report on October 15 will provide further insights, which could influence investor sentiment.
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