Posted 4/16/2024, 9:45:00 PM
J&J Beats Q1 Earnings Expectations But Trims Full-Year Outlook As Revenue Misses
- Johnson & Johnson reported mixed Q1 2022 results - earnings beat expectations but revenue narrowly missed
- Q1 revenue grew 2% year-over-year to $21.38 billion
- Adjusted Q1 earnings per share rose 4% to $2.71, beating expectations
- J&J narrowed full-year 2022 guidance - now sees revenue of $88B-$88.4B and EPS of $10.57-$10.72
- J&J stock dropped over 2% on Tuesday following the quarterly earnings report and guidance cut
