Johnson & Johnson (JNJ) reported that its third quarter adjusted EPS decreased 1.9% to $2.55. Analysts on average had expected the company to earn $2.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Looking forward, the company increased fiscal 2022 adjusted operational EPS performance offsetting continued unfavorable currency impacts. Adjusted operational EPS is now estimated in a range of $10.70 - $10.75, revised from prior guidance of $10.65 - $10.75. Adjusted operational sales are now expected in a range of 6.7% - 7.2%, revised from prior guidance range of 6.5% - 7.5%. The company maintained 2022 full-year guidance midpoints for operational sales and reported adjusted EPS.
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