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Home » J&J medical device sales increase 4.1% in Q4

J&J medical device sales increase 4.1% in Q4

January 25, 2022 By Danielle Kirsh

Johnson & JohnsonJohnson & Johnson (NYSE: JNJ) this week posted fourth-quarter results that beat the earnings consensus on Wall Street but missed revenue estimates.

The New Brunswick, New Jersey-based company reported profits of $4.7 billion, or $1.77 per share, on sales of $24.8 billion for the three months ended Dec. 31, 2021, for a bottom-line gain of 172.5% on sales growth of 10.4% compared with Q4 2020.

Adjusted to exclude one-time items, earnings per share were $2.13, 1¢ ahead of The Street, where analysts were looking for sales of $25.2 billion.

Medical device sales increased by 4.1% to $6.9 billion in Q4. Pharmaceutical sales rose 16.5% to $14.3 billion and consumer health product sales were up 1.1% to $3.7 billion over the same quarter of 2021, the company reported.

“Our 2021 performance reflects continued strength across all segments of our business. Guided by Our Credo, I am honored to assume the role of CEO, leading our global teams in continuing our work to deliver life-changing solutions to consumers, patients, and health care providers,” CEO Joaquin Duato said in a news release. “Given our strong results, financial profile, and innovative pipeline we are well-positioned for success in 2022 and beyond.”

Investors reacted by sending shares in JNJ up 0.75% to $164.18 apiece at market open.

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Johnson & Johnson

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About Danielle Kirsh

Danielle Kirsh is an award-winning journalist and senior editor for Medical Design & Outsourcing, MassDevice, and Medical Tubing + Extrusion, and the founder of Women in Medtech and lead editor for Big 100. She received her bachelor's degree in broadcast journalism and mass communication from Norfolk State University and is pursuing her master's in global strategic communications at the University of Florida. You can connect with her on Twitter and LinkedIn, or email her at [email protected].

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