logo
Plus   Neg
Share
Email

Johnson & Johnson Boosts FY19 Sales Outlook - Quick Facts

While reporting financial results for the second quarter, Johnson & Johnson (JNJ) on Tuesday maintained its adjusted earnings forecast for the full year 2019, while raising sales outlook.

For fiscal 2019, the company maintained its outlook for adjusted earnings in the range of $8.53 to $8.63 per share. This reflects an increase in expected operational earnings per share growth of 6.7 to 7.9 percent.

Additionally, the company raised its sales guidance for the full-year 2019 to a range of $80.8 billion to $81.6 billion. This reflects an increase in expected operational growth of 1.0 percent to 2.0 percent.

Earlier, the company forecast sales for the full-year in a range of $80.4 billion to $81.2 billion, reflecting expected operational growth in the range of 0.5 percent to 1.5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.60 per share for the year on revenues of $81.22 billion. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Libra Association, formed by major financial partners of Facebook's Libra cryptocurrency project, formalized the association at the inaugural Libra Council meeting of the members at its headquarters in Geneva, Switzerland. The current 21 member organizations formally signed onto the Libra Association charter, elected the Board of Directors, and appointed the executive team. Department store chain Kohl's Corp. has unveiled its Kohl's Cares holiday collection that includes the Disney Frozen 2 and Holiday Character bundles. The company's philanthropic program, Kohl's Cares, sells children's books as well as toys and donates the entire profit to charitable initiatives nationwide. Children's Place Inc. (PLCE) said that it will relaunch the Gymboree brand in the U.S. and Canada in early 2020. The brand will be relaunched in Gymboree website, and in shop-in-shop locations in more than 200 Children's Place stores in the U.S. and Canada.
Follow RTT
>