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Highlights From Johnson & Johnson’s Q4 Earnings Release

By John F. Heerdink, Jr.

Johnson & Johnson (JNJ) reported their Q4 earnings and revenue numbers which exceeded  market estimates, reporting EPS of $1.86 per share versus $1.82 expected and revenue of $22.48 billion versus $21.67 billion expected.

The company’s pharmaceutical unit, also working on a coronavirus vaccine, reported $12.26 billion in revenue, a 16% year-over-year increase as demand for its prescription drugs rose. Its consumer unit, involved in products such as Listerine, generated $3.6 billion in revenue, up from 1.4% from a year earlier. Its medical device unit reported $6.58 billion, a 0.7% decrease. Johnson & Johnson forecasted an adjusted profit for 2021 of $9.40 to $9.60 per share and sales ranging from $90.5 billion to $91.7 billion.

The healthcare giant is expected to release data from its phase three trial testing its Covid-19 vaccine as early as this week.

“I’m incredibly proud of our Johnson & Johnson teams around the world for going above and beyond to meet stakeholder needs,”  “We continue to progress our COVID-19 vaccine candidate and look forward to sharing details from our Phase 3 study soon.” stated CEO Alex Gorsky.

Dow 30 component Johnson & Johnson (JNJ) is a worldwide healthcare focused company that embraces research and science so that it can provide customers with innovative ideas, products, and services. To learn more about Johnson & Johnson (JNJ) and to continue to track its progress visit the Vista Partners Johnson & Johnson Coverage Page.

If you liked this story please consider, visiting the Atossa Therapeutics (ATOS) dedicated page at Vista Partners to learn about the Seattle-based biotech firm’s work towards finding therapeutic treatments for Breast Cancer and the Coronavirus. 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: J&J beats fourth-quarter earnings expectations, will release Covid vaccine data ‘soon in CNBC)


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