Tuesday, April 18, 2023

Johnson & Johnson Q1 Profit Tops Estimates; Raises 2023 Guidance Midpoints

Johnson & Johnson (JNJ) reported an increase of 0.4% in first-quarter adjusted profit per share, that also topped Wall Street estimates. Operational growth in sales was 9.0% and adjusted operational growth was 7.6%, for the quarter. Consumer Health worldwide adjusted operational sales increased 11.3% largely driven by over-the-counter products. Pharmaceutical worldwide adjusted operational sales grew 7.2%, for the quarter.

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