Companies and Brands
An Earnings Beat by J&J Meets Tempered 2014 Guidance
Published:
Last Updated:
Johnson & Johnson (NYSE: JNJ) is out with its fourth-quarter earnings report. The pharma and consumer products giant is a key Dow Jones Industrial Average component, and shares are hanging in close to its highs after the release.
The company’s adjusted earnings rose by 4.2% to $1.24 per share, and sales grew 4.5% to $18.4 billion. Thomson Reuters had estimates of $1.20 per share and $17.95 billion in revenue.
Johnson & Johnson attributed the growth and solid against expectations based on strength in the Pharmaceutical business, key over-the-counter brands and a continued progress in integrating Synthes into its Medical Devices and Diagnostics business.
We now also have longer-term expectations as well. Johnson & Johnson sees earnings guidance for full-year 2014 to come in between $5.75 and $5.85 per share, excluding special items. Thomson Reuters has estimates of $5.85 per share, so Wall Street was already anticipating much of the good news. This would represent close to 5% earnings per share growth in 2014.
J&J shares are indicated up 0.6% in early trading around $95.70, just shy of the prior high of $95.99. Analysts have a consensus price target of almost $99.40.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.