Johnson & Johnson tops quarterly profit estimates as medical device sales jump
Publishing timestamp: 2024-04-16 10:05:29
Summary
Johnson & Johnson reported first-quarter earnings that topped expectations, with sales in its medical devices business surging. The company is benefiting from a rebound in demand for nonurgent surgeries among older adults. Despite this positive news, shares fell more than 2% in early trading. J&J also announced an increase in its quarterly dividend and narrowed its full-year guidance. The company's results come amid ongoing litigation over its talc-based products.
Sentiment: MIXED
Tickers: UNH, HUM, SWAV, UNDEFINED, JNJ, AMGN,
Keywords: biotechnology, dividends, biotech and pharmaceuticals, breaking news, amgen inc, johnson & johnson, unitedhealth group inc, elevance health inc, kenvue inc, pharmaceuticals, business news, business, humana inc, earnings, shockwave medical inc, health care industry,
Source: https://www.cnbc.com/2024/04/16/johnson-johnson-jnj-earnings-q1-2024.html