J&J jumps as financial results offer distraction from legal uncertainties
Shares in US healthcare giant were up 2% after 90 minutes of trading on Tuesday after the group presented its third-quarter 2019 financial results.
The company is facing a host of legal worries so the positive sales and earnings figures, and the improved full-year 2019 guidance, are welcome news for management and shareholders.
Sales for the quarter were $20.73 billion, up 1.9% on a year ago and well ahead of the $20.08 expected by analysts. Pharma sales accounted for $10.88 billion, a 5.1% jump on the same quarter in 2018, with Consumer sales also up but Medical Devices down by 3.1%.
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