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- Johnson & Johnson results beat expectations
- Founded: 1886
- Headquarters: Johnson and Johnson Plaza, New Brunswick, New Jersey, United States
- Number of employees: 130,000 (2023)
- Industry: Pharmaceutical, Medical Technology
- Key people: Joaquin Duato (Chairman & CEO)
-
- 5 day: -0.38%
- 1 month: +2.41%
- 3 months: +5.74%
- Year-to-date: +2.02%
- 1 year: -4.99%
- Cantor Fitzgerald: $215
- Raymond James: $175
- Wells Fargo & Company: $163
- UBS Group: $180
- Royal Bank of Canada: $178
- Morgan Stanley: $171
- Barclays: $162
- HSBC: $175
- Atlantic Securities: $170
- Credit Suisse Group: $175
- Stifel Nicolaus: $175
- JP Morgan Chase & Co.: $180
- Citigroup: $185
- Guggenheim: $161
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisJohnson & Johnson (NYSE: JNJ) reported Q4 2023 and full year financial results before the market open in the US on Tuesday to kick off another week of earnings.
US pharmaceutical and consumer goods company reported revenue of $21.395 billion for the last quarter of 2023, beating analyst estimate of $21.022 billion. Revenue grew by 7.3% vs. the same quarter in 2022.
Earnings per share (EPS) was reported at $2.29 per share vs. $2.281 per share expected. EPS was up by 11.7% year-over-year.
The company achieved revenue of $85.159 billion in 2023 – up 6.5% vs. 2022. EPS reached $5.20 per share – down by 15.3% from 2022.
Company overview
CEO commentary
“Johnson & Johnson’s full year 2023 results reflect the breadth and competitiveness of our business and our relentless focus on delivering for patients. We have entered 2024 from a position of strength, and I am confident in our ability to lead the next wave of health innovation,” Joaquin Duato, CEO of Johnson & Johnson said in a statement.
Stock reaction
Shares of Johnson & Johnson were down by around 1% during Tuesday’s session after the latest results were announced, trading at $160.02 a share.
Stock performance
Johnson & Johnson stock price targets
Johnson & Johnson is the 20th largest company in the world with a market cap of $384.14 billion.
You can trade Johnson & Johnson (NYSE: JNJ) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to “Trading” then select “Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
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Sources: Johnson & Johnson, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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