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Johnson & Johnson Q1 Earnings Beat Wall Street Estimates; Drugmaker Raises Full-Year Outlook on Strong Ophthalmic Device Sales
On Tuesday, Johnson & Johnson (NYSE:JNJ) reported first-quarter adjusted EPS of $2.71, up 12.4% year-on-year, beating estimates of $2.64. The drug giant reported sales of $21.38 billion, a year-over-year increase of 2.31 TP3T, almost in line with the consensus of $21.39 billion. Operating growth was 3.91 TP3T, compared to adjusted operating growth of 4.01 TP3T. JNJ reported a net profit of $5.35 billion, compared to a net loss of ($491) million in the same period last year, which included a $6.9 billion litigation charge. Innovation
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