Health and Healthcare

J&J Earnings: Size Does Matter (JNJ)

Jnj_logo_2Johnson & Johnson (NYSE: JNJ) is showing that some companies can get it right despite tough times.  The company has beat earnings and is even raising its fiscal 2008 guidance.  The consumer products and health care company posted earnings of $1.17 EPS compared to the First Call consensus of $1.11.  It said that revenues rose 6.4% year over year to $15.92 billion, above the $15.69 billion consensus.

As a result of the quarter and as a result of its strength it now seesFiscal EPS of between $4.50 to 4.53 vs. $4.51 consensus and vs. $4.45 to$4.50 prior guidance.

Johnson & Johnson brand products are still selling well despitewhat the company called "the impact that generic products have had onour Pharmaceutical business."  The company also said that strong salesperformance of its Consumer segment and solid sales results in MedicalDevices and Diagnostics segments.

There are some additional metrics which are very impressive when youconsider the penny pinching from the consumer.  Worldwide Consumersales of $4.1 billion for the third quarter represented a 13.1%increase over the prior year with operational growth of 9.4% and apositive impact from currency of 3.7%. Domestic sales increased 11.2%,while international sales increased 14.7%; 8.1% from operations and6.6% from currency.

Shares closed at $62.68 yesterday and it is indicated around $65.00pre-market.  J&J’s 52-week trading range is $52.06 to $72.76.

Jon C. Ogg
October 14, 2008

It’s Your Money, Your Future—Own It (sponsor)

Retirement can be daunting, but it doesn’t need to be.

Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!

Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

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.