Johnson & Johnson Beats Expectations & Raises Full-Year Sales Forecast
Recently, Johnson & Johnson (JNJ) lifted its full-year sales forecast 2019 as its cancer drugs Darzalex and Imbruvica beat the sales forecast for the second-quarter earnings. The recent approval of its cancer drug Erleada for J&J’s pharmaceuticals unit proved to help push earnings to beat expectations. Pharmaceutical sales increased 1.7% to $10.53 billion, beating the analysts’ estimates of $10.27 billion, as reported by Refinitiv. The company raised its operational sales forecast for 2019 to $83.2 billion from $82.4 billion in comparison to the prior expectation of $82 billion to $82.8 billion.
A quarterly litigation expense of $409 million was reported, lesser than the $703 million realized a year earlier.
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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