logo
Plus   Neg
Share
Email

Johnson & Johnson Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter, Johnson & Johnson (JNJ) on Tuesday raised its earnings and sales forecast for the full year 2019.

For fiscal 2019, the company now projects adjusted earnings in a range of $8.62 to $8.67 per share and adjusted operational earnings in a range of $8.84 to $8.89 per share.

The company previously expected adjusted earnings in the range of $8.53 to $8.63 per share and adjusted operational earnings in the range of $8.73 to $8.83 per share.

Additionally, the company now projects reported sales between $81.8 billion and $82.3 billion and operational sales between $83.7 billion and $84.2 billion.

Earlier, the company forecast reported sales between $80.8 billion and $81.6 billion and operational sales between $82.4 billion and $83.2 billion.

On average, 19 analysts polled by Thomson Reuters expect the company to report earnings of $8.60 per share for the year on revenues of $81.49 billion. Analysts' estimates typically exclude special items.

"As we look ahead, we remain confident in the strength of our broad-based business model, which is fueled by our disciplined portfolio management, focus on transformational innovation and dedicated employees around the world who position us for success today and well into the future," said Alex Gorsky, Chairman and Chief Executive Officer.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors Co. (GM) is hiring for new workforce, after cutting about some 4,000 salaried employees early this year. According to Detroit Free Press, the auto giant is hiring for a new workforce as the company invests more money to develop electric and self-driving vehicles. Earlier this year,... Australia's Federal Court has ruled in favor of more than 1,000 women in a landmark class-action lawsuit against Johnson & Johnson after they suffered severe pain and complications from the healthcare giant's pelvic mesh implants. Johnson & Johnson and its subsidiary Ethicon were accused of hiding the risks of its pelvic mesh products. SpaceX's Starship rocket prototype was damaged while undergoing pressurization testing on Wednesday evening. Video from the vicinity of SpaceX's Boca Chica test facility in Texas showed white plumes erupt from the top part of the Starship Mark 1 vehicle while it was undergoing a pressurization test. The eruption blew off the upper bulkhead high into the air.
Follow RTT
>