J&J Covid vaccine adds $502 million to third-quarter sales

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Johnson & Johnson stated it offered $502 million of its Covid-19 vaccine within the 0.33 quarter, in its profits document Tuesday that beat Wall Side road’s benefit expectancies.

Here is how J&J did when put next with what Wall Side road anticipated, in line with moderate estimates compiled via Refinitiv:

  • Adjusted EPS: $2.60 in line with proportion vs $2.35 anticipated.
  • Earnings: $23.34 billion vs $23.72 billion anticipated.

Stocks of J&J jumped greater than 1% in premarket buying and selling.

J&J’s document got here underneath a shadow of grievance about the way it treated the opioid disaster and the improvement of a relatively less-effective Covid vaccine underneath outgoing CEO Alex Gorsky.

In a press liberate, Gorsky stated the monetary effects “exhibit forged efficiency throughout Johnson & Johnson, pushed via powerful above-market ends up in Prescribed drugs, ongoing restoration in Scientific Gadgets, and robust expansion in Client Well being.”

This can be a growing tale. Please take a look at again for updates.

Correction: This tale was once up to date to replicate that J&J ignored earnings estimates.

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