Johnson & Johnson Earnings: JNJ Stock Gets a Lift From Q1 Results

Johnson & Johnson earnings for the first quarter of 2019 have JNJ stock up on Tuesday.

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Johnson & Johnson (NYSE:) starts off its earnings report for the first quarter of the year with earnings per share of $2.10. This is up from the company’s earnings per share of $2.06 from the same time last year. It was also good news for JNJ stock by beating out Wall Street’s earnings per share estimate of $2.04 for the quarter.

Net income reported in the Johnson & Johnson earnings release for the first quarter of 2019 comes in at $3.75 billion. This is down from the company’s net income of $4.37 billion reported in the first quarter of 2018.

The Johnson & Johnson earnings report for the first quarter of the year also includes revenue of . The company’s revenue from the same period of the year prior was $20.01 billion. Analysts were looking for JNJ to report revenue of $19.61 billion for the period.

The most recent Johnson & Johnson earnings report also includes its outlook for the full year of 2019. JNJ is expecting earnings per share for the year to range from $8.53 to $8.63. It’s previous outlook for the period was earnings per share between $8.50 to $8.65. Wall Street is estimating earnings per share of $8.58 for the full year of 2019.

When it comes to revenue estimates for 2019, Johnson & Johnson is expecting it to come in between $80.40 billion and $81.20 billion. This is the same as its previous revenue guidance. Analysts are expecting revenue of $81.05 billion for the year.

JNJ stock was up 1% as of noon Tuesday.

As of this writing, William White did not hold a position in any of the aforementioned securities.

The post appeared first on InvestorPlace.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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