Health and Healthcare
J&J Manages to Beat Earnings Despite Currency Drag
Published:
Last Updated:
Johnson & Johnson (NYSE: JNJ) has now reported its first-quarter results, showing an 8.5% gain in sales to $17.5 billion, and earnings of $4.1 billion on a normalized earnings basis that came to $1.44 in earnings per share. Thomson Reuters was calling for $1.40 per share earnings and $17.44 billion in sales. Domestic sales increased 11.2%, while international sales rose by 6.3% after a negative currency impact of 2.4%.
J&J also has gone out and reconfirmed its earnings guidance for fiscal 2013 in a range of $5.35 to $5.45 per share, but it noted that guidance excludes the impact of special items. Thomson Reuters had estimates of $5.40 per share.
Worldwide consumer sales rose by 2.2% to $3.7 billion for the first quarter, after a negative impact from currency of 1.1%. Worldwide pharmaceutical sales were up 10.4% to $6.8 billion for the first quarter, after a negative impact from currency of 1.0%.
We did not see information regarding the dividend, but we have been expecting a dividend hike. Shares closed at $81.71 yesterday, against a 52-week range of $61.71 to $83.09.
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
