Johnson & Johnson Expects 2024 Reported Sales Of $88.4B–$88.8B Compared To Prior Guidance Of $88.0B–$88.4B And Consensus Of $88.51B
Portfolio Pulse from Benzinga Newsdesk
Johnson & Johnson has updated its 2024 sales guidance to $88.4B–$88.8B, slightly above its previous guidance and close to consensus estimates. The company also provided adjusted operational EPS figures, indicating a slight decrease compared to prior guidance.
October 15, 2024 | 10:25 am
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Johnson & Johnson has increased its 2024 sales guidance to $88.4B–$88.8B, slightly above its previous guidance and close to consensus estimates. Adjusted operational EPS figures show a slight decrease compared to prior guidance.
The increase in sales guidance suggests a positive outlook for Johnson & Johnson's revenue, which is likely to have a positive impact on the stock price. However, the slight decrease in adjusted EPS may temper investor enthusiasm, but overall, the news is more positive than negative.
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