Johnson & Johnson Raises 2020 Earnings Guidance
July 16 2020 - 7:31AM
Dow Jones News
By Matt Grossman
Johnson & Johnson on Thursday raised its revenue and
earnings guidance for 2020 compared with forecasts it had issued in
April.
The global health-products giant now expects adjusted earnings
per share of $7.75 to $7.95 for the year, compared with the earlier
forecast of $7.50 to $7.90. Analysts polled by FactSet were
anticipating adjusted earnings per share of $7.75.
J&J now expects 2020 revenue of $79.9 billion to $81.4
billion, up from the prior guidance range of $77.5 billion to $80.5
billion. Analysts had forecast revenue of $79.77 billion.
The company says the new guidance includes the estimated impact
of the coronavirus pandemic.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
July 16, 2020 07:16 ET (11:16 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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