Today, before market open, Johnson & Johnson (NYSE: JNJ) disclosed its earnings, giving investors a glimpse into the company’s performance during the third quarter.
The revenues totaling $22.47 billion, beat market predicted $22.16 billion for the quarter.
During the quarter the firm recorded an adjusted income of $2.42 per share, exceeded the wall street anticipated $2.21 profit per share.
The quarterly net income reported by the company, amounting to $1.11 per share on a GAAP basis, signifies a 34.3 percent drop from the results of the previous year’s comparable period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $2.42 | -9.0% | 22.47 B | +5.2% |
| Historical Earnings Insight | ||||
| Q2 2024 | $2.82 | +0.7% | 22.45 B | -12.1% |
| Q1 2024 | $2.71 | +1.1% | 21.38 B | -13.6% |
| Q4 2023 | $2.29 | -2.6% | 21.40 B | -9.7% |
| Q3 2023 | $2.66 | +4.3% | 21.35 B | -10.3% |
| Q2 2023 | $2.80 | +8.1% | 25.53 B | +6.3% |
| *Growth on year-over-year basis | ||||
The diluted earnings declined 9.02 percent, while revenues grew 5.25 percent when looking at the identical quarter of preceding year.
JNJ has revised its expected earnings for full year 2024. The updated forecast now shows a range of $9.88 to $9.98 per share, compared to the prior range of $9.97 to $10.07 per share.
at Further the company has revised its revenue forecast for full year 2024, updating the range from $88.00 to $88.40 billion to a newly estimated range of $88.4 to $88.80 billion.
Conversely financial analysts on Wall Street expect a revenue of $88.67 billion and earnings of $9.91 per share
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| FY 2024 | EPS | $9.88~$9.98 | $9.91 | 0.2% |
| REV | $88.4 B~$88.8 B | $88.67 B | -0.1% | |
| *Based on mid-point | ||||
During Monday’s trading, Johnson & Johnson (JNJ) shares reached a low of $160.90 and a high of $162.14, along with a total volume of 5.96 million shares. The stock ended the regular trading session at $161.60, demonstrating an upturn of 0.09 percent.
