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.
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