J&J jumps after pharma sales help to beat third-qtr estimates

17 October 2017

Johnson & Johnson (NYSE: JNJ), the world’s largest healthcare company, looked set to open trading on Tuesday around 1% up on the previous close, after its third-quarter financial results exceeded the expectations of analysts.

The US company posted adjusted earnings per share (EPS) of $1.90 on sales of $19.7 billion, where Wall Street analysts had predicted EPS of $1.80 and revenue of $19.3 billion.

The sales figure was a 10.3% increase on the total from the same period in 2016, while net EPS for the third quarter of 2017 were $3.8 billion and $1.37, respectively.

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