J&J reports strong third quarter with 5.2% revenue boost
Johnson & Johnson (NYSE: JNJ) has reported revenue of $22.5 billion for the third quarter of 2024, a 5.2% increase year-over-year.
Driven by strong performance in its innovative medicine and medtech segments, the outcome slightly bested the $22.16 billion forecast from a basket of analysts, reported by the Financial Times.
Earnings per share (EPS) for the quarter came in at $1.11, reflecting a 34.3% decrease from the prior year due to higher research and development expenses and restructuring costs.
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