logo
  

Johnson & Johnson Projects 2022 Adj. Operational EPS Growth Of 9.2%

Johnson & Johnson (JNJ) said the company is well positioned for success in 2022 and beyond. For 2022, the company targets adjusted operational sales growth of 7.7% and adjusted operational EPS growth of 9.2%.

For fiscal 2022, including COVID Vx, the company expects operational sales in a range of $100.3 billion - $101.8 billion, representing an increase in a range of 7.0% - 8.5%. Adjusted operational EPS, including COVID Vx, is estimated in a range of $10.60 - $10.80, representing an increase in a range of 8.2% - 10.2%.

Fourth-quarter adjusted EPS was $2.13, an increase of 14.5% from prior year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $2.12, for the quarter. Analysts' estimates typically exclude special items. Net profit was $4.74 billion or $1.77 per share compared to $1.74 billion or $0.65 per share.

Fourth-quarter sales were $24.8 billion reflecting growth of 10.4%, operational sales growth of 11.6%, and adjusted operational sales growth of 12.3%. Analysts on average had estimated $25.29 billion in revenue.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A multi-state listeria outbreak that has killed one and sickened at least 23 others has been linked to Florida -based Big Olaf Creamery brand ice cream, according to the Centers for Disease Control and Prevention or CDC. The outbreak strain has been reported from 10 states, resulting in 22 hospitalizations. One death has been reported from Illinois. Natreve, a premium wellness company, is recalling certain Vegan Protein Powder due to undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The recall involves specific batches of its Vegan Protein Powder French Vanilla Wafer Sundae flavor. The impacted products are stored in 13 oz (10 servings) and 1.47lb (18 servings) white tubs. The Federal Communications Commission or FCC has granted SpaceX Services, Inc. authorization to use its Starlink satellite internet system on vehicles in motion. SpaceX, owned by Elon Musk, is allowed to operate consumer and enterprise Ku-band Earth Stations in Motion or ESIM using frequencies allocated to the fixed satellite service. The approval would help the company to expand its services to
Follow RTT