J&J beats estimates and raises guidance after impressive quarter

18 April 2023

Johnson & Johnson (NYSE: PFE) has delivered more than satisfactory financial results from the first quarter of 2023.

The US healthcare giant beat estimates with its sales and earnings figures and raised its forecasts for both measures over the entirety of 2023.

Reported sales for the quarter were $23.42 billion, a jump of nearly 6% compared to the same period in 2022, and 5% ahead of a consensus of analysts’ predictions.

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