J&J quarterly earnings beat Wall Street estimates on strength of medicines unit
JNJ•Quarterly results beat estimates
July 15 (Reuters) - Johnson & Johnson beat Wall Street estimates for second-quarter sales and profit on Wednesday, as strong growth from immunology drug Tremfya and cancer blockbuster Darzalex more than offset erosion from older products and a drop in sales for heart pumps it picked up in its 2022 acquisition of Abiomed.
J&J also increased its full-year sales and profit forecast.
The healthcare conglomerate reported second-quarter sales of $25.31 billion, up 6.6% from a year earlier and above analysts' average estimate of about $25.05 billion, according to LSEG data. Adjusted earnings were $2.90 per share, up 4.7% from a year ago and topping analyst expectations of $2.85.




