Johnson & Johnson Reaffirms FY22 Outlook; Authorizes Up To $5 Bln Share Buyback

Johnson & Johnson (JNJ) On Wednesday reaffirmed its full-year 2022 guidance for earnings in the range of $10.65 to $10.75 per share and adjusted operational sales growth of 6.5 to 7.5 percent.

On average, 17 analysts polled by Thomson Reuters expect the company to report earnings of $10.07 per share on revenue growth of 1.5 percent to $95.14 billion for the year. Analysts' estimates typically exclude special items.

The company also announced that the Board of Directors has authorized the repurchase of up to $5 billion of the company's common stock.

The company said repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions. Any shares acquired will be available for general corporate purpose.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Precision care innovator GE HealthCare Technologies, Inc., recently spun-off from General Electric Co., reported on Monday that profit for the fourth quarter declined from last year, reflecting higher interest and other financial charges. The company also initiated adjusted earnings guidance for the full-year 2023. Japanese auto major Toyota Motor Corp. has retained its title as the world's top selling automaker in fiscal 2022 for the third straight year, by selling around 10.5 million vehicles. The global sales were nearly flat with last year amid solid demand centered around Asia, while global production grew with increased capacity and production optimization in North America and Asia. Dutch consumer electronics giant Philips Electronics NV reported Monday a loss in its fourth quarter, compared to prior year's profit, even as sales increased. The company further declared a dividend, and said its order book remains strong. Going ahead, the company projects comparable sales growth in fiscal 2023, 2025, and beyond.
Follow RTT