Johnson & Johnson Tops Q4 EPS Forecasts

Pharmaceuticals and medical devices manufacturer Johnson Johnson (NYSE:JNJ) reported fourth-quarter 2024 results on Wednesday, Jan. 22, that topped analyst consensus estimates. Revenue of $22.5 billion came in just ahead of forecasts for $22.4 billion while adjusted earnings per share (EPS) of $2.04 also surpassed the $1.99 estimate.

Although sales surged in the Innovative Medicine and MedTech segments, patent expirations and regulatory challenges remain concerns. Overall, Johnson Johnson had a strong quarter, continuing to expand its product pipeline and positioning itself well amid market fluctuations.

Source: Johnson Johnson. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.

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Source Fool.com