Johnson & Johnson: Q1 Earnings Snapshot
By AP News
Published - Apr 16, 2024, 06:30 AM ET
Last Updated - Apr 16, 2024, 06:30 AM EDT
NEW BRUNSWICK, N.J. (AP) — NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson (JNJ) on Tuesday reported first-quarter profit of $5.35 billion.
On a per-share basis, the New Brunswick, New Jersey-based company said it had net income of $2.20. Earnings, adjusted for one-time gains and costs, were $2.71 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.64 per share.
The world's biggest maker of health care products posted revenue of $21.38 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $21.4 billion.
