J&J beats estimates as stronger dollar impacts guidance
US healthcare conglomerate Johnson & Johnson (NYSE: JNJ) beat estimates for sales and earnings figures with its second quarter 2022 results.
J&J’s sales rose 3% to $24.02 billion, where analysts had expected a figure of around $23.77 billion, according to IBES data from Refinitiv. Revenue from the Pharmaceutical division rose particularly steeply, with operational sales growth of more than 12% in the unit.
On an adjusted basis, the company earned $2.59 per share, beating estimates of $2.54 per share and up by more than 4% on the comparable quarter of 2021.
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