Johnson & Johnson Rises Despite Mixed Q1 Numbers
April 20 2022 - 01:48AM
TipRanks
Pharmaceutical giant Johnson & Johnson (NYSE: JNJ) has
posted mixed results for the first quarter of 2022, as earnings
surpassed but revenue missed estimates. Shares of the company rose
almost 3.5% to close at $183.78 in Monday’s extended trading
session. Revenue & Earnings Revenues for the quarter stood at
$23.4 billion, up 5% from the same quarter last year. The growth in
revenues was primarily driven by the 6.3% and 5.9% year-over-year
rise witnessed in the Pharmaceutical and MedTech segments,
respectively. Further, the revenue figure failed to meet the
consensus estimate of $23.67 billion. Earnings per share (EPS) for
the quarter rose 3.1% year-over-year to $2.
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