It has been an action-packed week so far for pharma giant Johnson & Johnson (JNJ).On Tuesday, the company reported Q3 earnings with results handily beating the estimates. JNJ posted revenue of $21.08 billion, a 1.7% year-over-year increase and higher than the $20.21 billion consensus estimate. Non-GAAP EPS of $2.20 beat the Street’s forecast by $0.22.Looking ahead, JNJ raised its 2020 guidance and now expects revenue to come in between $81.2 billion to $82.0 billion, up from the previous call for between $79.9 billion and 81.4 billion. Non-GAAP EPS was also raised from $7.85 at the mid-point to $8.00 at the …read more
Source:: Yahoo Finance
