J&J beats estimates and raises guidance

17 October 2023

US healthcare conglomerate Johnson & Johnson (NYSE: JNJ) has announced finncial results for third-quarter 2023.

The firm’s reported sales in the quarter grew by 7% to $21.35 billion, above analysts' estimates of $21.04 billion.

Excluding items, J&J reported a profit of $2.66 per share, above estimates of $2.52 and up 19% on the same period last year.

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