10/18/2022, 12:27 PM (Source: TeleTrader)
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J&J's Q3 sales up 1.9% to $23.8 billion

Johnson and Johnson (J&J) announced on Tuesday that its sales in the third quarter of the year saw an annual rise of 1.9% to reach $23.8 billion, surpassing expectations. The company's net earnings rose by 21.6% compared to the same trimester in 2021 to come in at $4.46 billion. Meanwhile, its diluted earnings per share jumped by 22.6% year-on-year to hit $1.68 per share.

"Through the ongoing efforts of our teams around the world, we continue to navigate the dynamic macroeconomic environment and remain focused on delivering transformative healthcare solutions. Looking ahead, I remain confident in our business and ability to continue advancing our innovative portfolio and pipeline," Chief Executive Officer (CEO) Joaquin Duato commented.

Following the release of the report, J&J's shares advanced by 2.10% in premarket trading.

Baha Breaking News (BBN) / JR