4/14, 12:35 PM (Source: TeleTrader)
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J&J reports revenue at $20.69B

Johnson & Johnson said on Tuesday its revenue for the first quarter of 2020 amounted to $20.69 billion. Diluted GAAP earnings per share was $2.17 in the three-month period while adjusted EPS stood at $2.30.

The company also announced earlier today that its board of directors declared a 6.3% increase in the quarterly dividend rate, from $0.95 per share to $1.01 per share. At the new rate, the indicated dividend on an annual basis is $4.04 per share compared to the previous rate of $3.80 per share.

Alex Gorsky, Chairman and Chief Executive Officer said that "Johnson & Johnson is built for times like this, and we are leveraging our scientific expertise, operational scale and financial strength in the effort to advance the work on our lead COVID-19 vaccine candidate. We are committed to beginning production at risk imminently and bringing an affordable and accessible vaccine to the public on a not-forprofit basis for emergency pandemic use."

Breaking the News / TF