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 U.S. Food and Drug Administration or FDA announced on its website that pharma major Pfizer, Inc. issued recall of two lots of tablets meant to treat acute migraine in adults for concerns over bacteria infection. The pharma company is recalling two lots of Relpax (eletriptan hydrobromide) 40 mg tablets for potential presence of Genus Pseudomonas and Burkholderia bacteria. Cosmetics company Revlon Inc. (REV) is reportedly considering a potential sale of parts or all of its business. According to Bloomberg, Revlon has retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives. No deal has been reached yet, but Revlon is exploring all... China's Lenovo Group Ltd. warned it may have to raise prices of its products if the U.S. moves ahead with the decision to impose additional tariffs on Chinese goods, according to a report by Reuters. The warning by Lenovo, the world's largest PC maker, comes amid the escalating trade war between the U.S. and China that has raised concerns about the global economic outlook.
Follow RTT