J&J beats estimates with 2nd-qtr results; pharma arm especially strong

19 July 2016

US healthcare giant Johnson & Johnson (NYSE: JNJ) has announced sales of $18.5 billion for the second quarter of 2016, an increase of 3.9% compared to the second quarter of 2015.

Adjusted net earnings for the current quarter were $4.9 billion and adjusted diluted earnings per share (EPS) were $1.74, representing increases of 1.1% and 1.8%, respectively, compared to the same period in 2015.

Wall Street's estimates had predicted a lower $1.68 EPS on revenue of $17.97 billion, and the positive results led J&J’s share price to jump immediately by 1.35%.

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