J & J beats estimates for second-quarter profit and revenue on Wednesday, driven by strong sales
Johnson & Johnson beat estimates for second-quarter profit and revenue on Wednesday, driven by strong sales of its drugs, including cancer treatment Darzalex and blockbuster psoriasis drug Stelara.telara has long been a key driver of revenue growth for J&J, with analysts forecasting sales of over $10 billion this year. But
“I’ll remind you that we are still calling for growth in our pharmaceutical business despite the biosimilar competition that we intend to encounter next year,” he said.Stelara sales rose 3.1% to $2.89 billion, topping analysts’ estimate of $2.77 billion according to LSEG data. Sales of blood cancer drug Darzalex rose 18.4% to $2.88 billion, edging past LSEG estimates of $2.86 billion.of $22.4 billion surpassed the consensus estimate of $22.3 billion, according to LSEG data.
J&J said sales of devices used in surgeries were hurt by competition and supply constraints, as well as lower demand for bariatric procedures.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
J&J beats Wall Street estimates on strong drug sales - SABC News - Breaking news, special reports,J & J beats estimates for second-quarter profit and revenue on Wednesday, driven by strong sales
Read more »
Britain's new Labour cabinet meets at Downing Street - SABC News - Breaking news, special reports,Among Starmer's senior team are Britain's first female finance minister.
Read more »
SABC, SuperSport reach deal to broadcast T20 Men’s World Cup final - SABC NewsThe T20 World Cup final between South Africa and India will be played today at 16:30.
Read more »
SABC's anchor Siyavuya Sineke honored for promoting IsiXhosa language - SABC NewsNews Anchor, Siyavuya Sineke honored for promoting IsiXhosa language
Read more »
Minerals Council of SA reports a decline in mineral sales - SABC News - Breaking news, special reports,The mining industry has seen job losses of around 130 000 in the last 30 years.
Read more »
Mahikeng community outraged by RDP house sales and rentals - SABC News - Breaking news, special reports,Mahikeng community members outraged at RDP houses being sold or rented out.
Read more »