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Johnson & Johnson beats analysts’ estimates for earnings and revenue in the first quarter

Johnson & Johnson beats analysts’ estimates for earnings and revenue in the first quarter
Wajeeh Khan
Apr 14, 2020, 12:25 PM
  • J&J posts £16.43 billion in revenue in the first quarter and makes £1.83 of earning per share.
  • U.S drugmaker increases its quarterly dividend from 75 pence per share to 80 pence per share.
  • Johnson & Johnson cuts its full-year financial guidance as COVID-19 weighs on performance.

Johnson & Johnson (NYSE:JNJ) was reported trading 3% up in premarket trading on Tuesday as the drug manufacturer increased its quarterly dividend. The company, however, cut its full-year financial guidance on rising Coronavirus uncertainty.