Why Johnson & Johnson Stock Rose Today

Shares of Johnson & Johnson (NYSE: JNJ) had risen 2.9% as of the market close on Tuesday. The gain came after the healthcare giant reported its 2021 fourth-quarter and full-year results before the market opened.

Johnson & Johnson announced fourth-quarter sales of $24.8 billion. This result reflected a 10.4% year-over-year increase but came in below the consensus Wall Street revenue estimate of $25.3 billion.

The company posted earnings per share of $1.77 based on generally accepted accounting principles (GAAP). Adjusted earnings per share in Q4 were $2.13, a 14.5% year-over-year jump and slightly better than the average analyst estimate of $2.12.

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Source Fool.com