Johnson & Johnson Updates Full-year 2024 Adjusted Operational Eps Guidance To Reflect Improved Performance And The Acquisition Of V-wave; Costs Associated With The Acquisition Of V-wave More Than Offset The Improvement
Portfolio Pulse from Benzinga Newsdesk
Johnson & Johnson has updated its full-year 2024 adjusted operational EPS guidance to reflect improved performance and the acquisition of V-Wave. Despite the improved performance outlook, costs associated with the acquisition have more than offset the gains, resulting in a revised EPS of $9.91.
October 15, 2024 | 10:23 am
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Johnson & Johnson's updated 2024 EPS guidance reflects improved performance but is offset by costs from the V-Wave acquisition, leading to a revised EPS of $9.91.
The acquisition of V-Wave has led to increased costs that more than offset the improved performance outlook for Johnson & Johnson, resulting in a lower EPS guidance. This is likely to have a negative short-term impact on the stock price as investors may react to the reduced EPS forecast.
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