J&J posts Q2 EPS of $1.8, dropping 23.4% YoY

Tuesday, 19. July 2022 12:26

Johnson & Johnson announced on Tuesday that its diluted earnings per share (EPS) in the second quarter fell 23.4% on a yearly basis to $1.8. Net earnings came to $4.8 billion, falling 23.3%, while sales amounted to $24 billion, up 3% compared to the same quarter in 2021.

"Our solid second quarter results across Johnson & Johnson reflect the strength and resilience of our Company’s market leadership in the midst of macroeconomic challenges," said CEO Joaquin Duato.

The company updated its sales guidance for full-year 2022 to between $93.3 billion and $94.3 billion, up between 2.1% and 3.1% compared to 2021.

Johnson & Johnson's shares gained 1.30% in the premarket following the earnings report.

Related Links: Johnson & Johnson
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Baha Breaking News (BBN) / DJ