Reportedly, Johnson & Johnson (JNJ) sold $502 million of its Covid-19 vaccine in the third quarter. The Pharma giant reported adjusted EPS of $2.60 per share versus $2.35 expected. Revenue stood at $23.34 billion versus $23.72 billion expected. The company maintained its Covid vaccine sales outlook for the year at $2.5 billion.
The consumer unit, which includes products such as Listerine and Neutrogena face wash, reported $3.7 billion in revenue, an increase of 5.3% from a year earlier. J&J’s pharmaceutical business, which developed the single-shot Covid vaccine, generated $12.9 billion in revenue, a 13.8% year-over-year increase. J&J increased its full-year earnings guidance to between $9.77 per share and $9.82 per share, from its earlier estimates of $9.60 to $9.70 per share. It expects sales to range from $94.1 billion to $94.6 billion, an increase from previous guidance of $93.8 billion to $94.6 billion. Its medical device unit was hit hard last year as the coronavirus pandemic forced Americans to stay home and hospitals to postpone elective surgeries, reported $6.6 billion, an 8% rise.
In a press release, Gorsky said the financial results “demonstrate solid performance across Johnson & Johnson, driven by robust above-market results in Pharmaceuticals, ongoing recovery in Medical Devices, and strong growth in Consumer Health.
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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