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New York (AP) — Johnson & Johnson reported strong second-quarter earnings and earnings as the healthcare industry recovered from the effects of the coronavirus pandemic and raised expectations for both years. ..
The company’s net earnings were $ 6.28 billion, or $ 2.35 per share. According to a Zacks Investment Research study, one-off event-adjusted earnings were $ 2.48 per share, easily surpassing Wall Street’s forecast at $ 2.28.
The New Brunswick, NJ pharmaceutical company generated $ 23,310 million in revenue.
Johnson & Johnson expects full-year revenue to range from $ 9.60 to $ 9.70 per share and revenue to range from $ 93.8 billion to $ 94.6 billion.
Before Wednesday’s opening bell, the company’s stock price rose.
Part of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Go to JNJ’s Zacks Stock Report at https://www.zacks.com/ap/JNJ.
Source: Automated Insights
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Strong quarter from J & J as some businesses return to normal | WGN Radio 720
Source link Strong quarter from J & J as some businesses return to normal | WGN Radio 720