J&J jumps on strong second quarter data from Janssen

17 July 2018

Results from the pharmaceutical unit of American healthcare giant Johnson & Johnson (NYSE: JNJ) continue to cheer investors, following on from a strong first quarter, while the firm’s OTC unit reels from a $4.7 billion talc-related damages claim.

In New York, shares in the firm were up a whopping 3.5% after a quarterly results statement which beat analysts’ expectations, with earnings per share coming in at $2.10, and revenues at $20.8bn.

Much of the gains came from near-20% revenue growth in pharmaceuticals, a result that can be attributed to strong sales in oncology and immunology. The firm’s medical device division also fared well.

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