Business

Covid and Johnson & Johnson JNJ Profit for Q3 2021

Johnson & Johnson said it sold $ 502 million worth of Covid-19 vaccines in its third-quarter income statement, which beat Wall Street’s expectations.

Here are J&J’s results compared to Wall Street’s expectations, according to the average estimates compiled by Refinitiv:

  • Adjusted earnings per share: $ 2.60 per share versus $ 2.35 expected.
  • Revenue: $ 23.34 billion vs. $ 23.72 billion expected

J&J shares jumped more than 1% in the premarket.

J&J’s report has been criticized over how the company has handled the opioid crisis and the development of a relatively less effective Covid vaccine under the leadership of outgoing CEO Alex Gorski.

In a press release, Gorski said the financial results “show solid results from Johnson & Johnson, driven by robust out-of-market results in pharmaceuticals, continued recovery in the medical device industry and strong growth in consumer healthcare.”

This is an evolving story. Please stay tuned.

Bugfix: This story has been updated to reflect that J&J missed revenue estimates.


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