Business

Covid and Johnson & Johnson JNJ Revenue Q3 2021

Johnson & Johnson said in its earnings report on Tuesday that it sold $ 502 million of its Covid-19 vaccine in the third quarter, beating Wall Street’s earnings expectations.

According to Refinitiv’s average estimates, J&J has fared compared to Wall Street expectations as follows:

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

J & J’s shares rose more than 1% in pre-trading hours.

J & J’s report was overshadowed by criticism about how it dealt with the opioid crisis and the development of a comparatively less effective Covid vaccine under outgoing CEO Alex Gorsky.

In a press release, Gorsky said the financial results “show solid performance from Johnson & Johnson, driven by robust outperformance in pharmaceuticals, continued recovery in medical devices and strong growth in consumer health.”

This is a developing story. Please check again for updates.

Correction: This story has been updated to reflect that J&J missed its sales estimates.

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