Johnson & Johnson topped third-quarter expectations thanks to growth in pharmaceutical sales, but the health care giant continued to tread cautiously with its outlook due to the strong dollar.
FILE - Band-Aids, from Johnson & Johnson, are displayed in a pharmacy, Thursday, July 16, 2020, in New York. Johnson & Johnson topped third-quarter expectations thanks to growth in pharmaceutical sales, but the health care giant continued to tread cautiously with its outlook due to foreign exchange rates.
In the third quarter, J&J’s profit climbed 22% to $4.46 billion. Revenue rose 2% to $23.79 billion, and adjusted earnings totaled $2.55 per share. J&J also brought in $2.45 billion in worldwide sales from Stelara, which treats psoriasis and other inflammatory disorders.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
J&J sales grow, but strong dollar tugs at expectationsJohnson & Johnson topped third-quarter expectations thanks to pharmaceutical sales growth, but a strong dollar made the health care giant tread cautiously again with its outlook.
Read more »
J&J sales grow, but strong dollar tugs at expectationsJohnson & Johnson topped third-quarter expectations thanks to pharmaceutical sales growth, but a strong dollar made the health care giant tread cautiously again with its outlook.
Read more »
Why neither party can figure out Latino votersLatinos are the fastest-growing racial and ethnic group in the United States, and their influence on American politics becomes greater with each election cycle.
Read more »
Wall St set to jump at open as Goldman, J&J results lift earnings mood By Reuters*U.S. STOCK FUTURES EXTEND RALLY ON EARNINGS OPTIMISM; S&P 500 FUTURES RISE 1.5% - 🇺🇸🇺🇸
Read more »
US 10-year, 5-year inflation expectations renew monthly highUS inflation expectations remained firmer on Monday, despite the risk-on mood, which in turn underpins the hawkish Fed bets and keeps the US dollar bu
Read more »
Financial markets still underestimate inflation risks despite seven straight 8%-plus annual CPI readings, according to DBDeutsche Bank research analyst Henry Allen said that every month inflation remains high, there's a growing risk that price expectations come unanchored.
Read more »