The results come amid investor anxiety over the thousands of lawsuits claiming that J&J's talc-based baby powder and other products caused cancer.
Here's how J&J results compared with Wall Street expectations, based on a survey of analysts by Refinitiv:$25.53 billion, vs. $24.62 billion expected
The pharmaceutical giant reported a net income of $5.14 billion, or $1.96 per share. That compares with a net income of $4.8 billion, or $1.80 per share, for theShares of J&J have dropped more than 10% for the year, putting the company's market value at roughly $412 billion. The company raised its 2023 adjusted earnings outlook to $10.70 to $10.80 per share, from a previous forecast of $10.60 to $10.70 per share.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Johnson & Johnson sues Biden administration over Medicare drug price negotiationsMerck, Bristol Myers Squibb, the U.S. Chamber of Commerce and PhRMA filed separate lawsuits against the provision last month.
Consulte Mais informação »
Johnson & Johnson joins Merck, others, in fighting Medicare drug-price programJohnson & Johnson has joined companies such as Merck & Co. Inc. Bristol Myers Squibb Co. and other entities in suing the federal government over Medicare’s...
Consulte Mais informação »
Johnson & Johnson must pay $18.8 million to California cancer patient in baby powder suit | CNN BusinessJohnson & Johnson must pay $18.8 million to a California man who said he developed cancer from exposure to its baby powder, a jury decided on Tuesday, a setback for the company as it seeks to settle thousands of similar cases over its talc-based products in US bankruptcy court.
Consulte Mais informação »
Johnson & Johnson must pay $18.8 million to California cancer patient in baby powder suitJohnson & Johnson must pay $18.8 million to a California man who said he developed cancer from exposure to its baby powder, a jury decided on Tuesday, a setback for the company as it seeks to settle thousands of similar cases over its talc-based products in US bankruptcy court.
Consulte Mais informação »
Millions could soon have access to life-saving tuberculosis drug following online uproarA treatment for multi-drug resistant tuberculosis could soon become more accessible for millions of people worldwide.
Consulte Mais informação »
Comic Slink Johnson Joins the Roast of Houston Hip Hop Notable Trae Tha TruthMost know that roast comedy is a fine line between fawning tribute and nasty take-down. But sometimes the best way to show you care for someone is with the perfect hard-hitting joke. Comic Slink Johnson, best known for playing the title role on Adult Swim’s darkly comedic Black Jesus, is...
Consulte Mais informação »