J&J lowers reported sales guidance but pharma growth healthy

18 October 2022

US healthcare giant Johnson & Johnson (NYSE: JNJ) was trading around 0.5% lower at lunchtime on Tuesday.

The firm had that morning announced its third quarter 2022 financial results, which showed a 1.9% growth in reported sales, rising to $23.79 billion, which was 2% ahead of analysts’ expectations, according to SVB Securities.

"We continue to navigate the dynamic macroeconomic environment"

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