As per reports, Johnson & Johnson (JNJ) reported mixed quarter results with $28.4 billion in sales. Adjusted profit of $2.13 per share was reported a little higher than $2.12 expected and driven by high Covid vaccine sales. On a year-over-year basis, sales grew more than 10% and earnings advanced almost 15%. The medical devices segment generated $27.06 billion in sales, posting the best growth among the company’s business segments, at nearly 18%. Drug sales rose more than 14% to $52.08 billion. The consumer health business brought in $14.64 billion in sales, a 4.1% increase.
For the year 2022, the pharmaceutical giant expects to earn $10.40-$10.60 per share on $98.9 billion to $100.4 billion in sales. Johnson & Johnson expects sales of its single-shot vaccine expected to reach $3 billion to $3.5 billion, amid the surging omicron variant cases across the U.S. and world.
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.
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