Johnson & Johnson (JNJ.N), opens new tab raised its full-year sales forecast on Wednesday after beating estimates for second-quarter profit on strong demand for its cancer drug, Darzalex, and strength in its medical device business.<\/p>\n
The company also reduced its expectations for tariff-related costs to $200 million from $400 million for the year, citing the Trump administration’s pause on levies on China and other retaliatory tariff measures.<\/p>\n
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\n“We were able to absorb that and still raise our EPS guidance by 25 cents on the year,” CFO Joseph Wolk said.<\/p>\n
On an adjusted basis, the drug and medical device maker earned $2.77 per share for the quarter, above analysts’ expectations of $2.68 per share, according to data compiled by LSEG.<\/p>\n
Sales in the quarter were $23.74 billion, above analysts’ expectations of $22.84 billion.
\nExcluding the impact of foreign currency, quarterly sales for the medtech unit rose 6.1% to $8.54 billion. Analysts were expecting sales of $8.25 billion.<\/p>\n
The company said it now expects full-year sales, including the impact of foreign currency, in the range of $93.2 billion to $93.6 billion, up from its April forecast of $91 billion to $91.8 billion. Analysts on average had estimated sales of $91.5 billion for the year.<\/p>\n
It cited strong operational performance in the quarter as well as the stronger dollar for the increase.
\nJ&J said in April that it was expecting $400 million in costs related to tariffs, mostly in the company’s medical device business, starting from the second quarter.<\/p>\n
Wolk said the company was not ready to forecast the impact of tariffs on 2026. “It’s such a fluid environment that we’ll just have to wait and see,” he said.<\/p>\n
On an adjusted basis, J&J expects to earn $10.80 to $10.90 per share in 2025, compared with its previous forecast of $10.50 to $10.70 per share.<\/p>\n
Darzalex, a blood cancer therapy launched in 2015, brought in second-quarter sales of $3.54 billion, compared with analysts’ expectations of $3.38 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Johnson & Johnson (JNJ.N), opens new tab raised its full-year sales forecast on Wednesday after beating estimates for second-quarter profit on strong demand for its cancer drug, Darzalex, and strength in its medical device business. The company also reduced its expectations for tariff-related costs to $200 million from $400 million for the year, citing the […]<\/p>\n","protected":false},"author":2,"featured_media":989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[132,130,131],"class_list":{"0":"post-988","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sitefansalaran-industry-news","8":"tag-johnson-johnson","9":"tag-johnson-johnson-beats-profit-estimates-on-strong-darzalex","10":"tag-medtech-sales"},"yoast_head":"\n