Medtechy Deals Hero New

Johnson & Johnson's net earnings fall 14% in the first quarter, exceeds revenue projections

Posted on April 17, 2019 by Medtech[y] Staff

Johnson & Johnson released Q1 2019 earnings yesterday coming in with $20.02 billion in revenue compared to the street's projection of $19.61 billion. Revenue grew 5.5% compared to the same period last year. While revenue met projections, the company's net earnings and earnings per share dropped 14.2% and 13.1% compared to the same period last year.

Johnson & Johnson Q1 Revenue Breakdown:

  • Pharmaceutical Sales - $10.2 Billion
  • Medical Device - $6.5 Billion
  • Consumer - $3.3 Billion

In 2019, Johnson & Johnson's stock has risen 8% despite the 13,000 lawsuits related to safety concerns of their their baby powder and Shower to Shower which was sold off in 2012.

While the company is still projecting sales to be in the range of $80.4 billion to $81.2 billion, they did narrow their full-year earnings forecast to the range of $8.53 to $8.63

Two bright spots from the quarter were the recent acquisition of Auris Health and the company's new nasal spray, Spravato, which was FDA approved in March to treat depression.

Are you a recruiter or company looking to fill a Medical Sales opening, including the medical device or biotech industries? If so, checkout Medtechy Jobs and create a free employer account or a free candidate account. All of our jobs are strategically distributed to our diverse following of experienced and those new to the industry. Multi-pack jobs start at $100.

We are also excited to launch Medtechy Deals, our new store which sources deals on gadgets, everyday carry essentials and online courses for employees in the healthcare industry!

Please follow us on Facebook, Twitter, and LinkedIn for the latest medical technology news, medical device/biotech company intel and career opportunities. You can also sign up for our monthly newsletter.