Johnson & Johnson's Q3 Earnings: Revenue And EPS Beat On Strong Cancer Drug Sales, Revises Annual Outlook To Reflect V-Wave Acquisition

On Tuesday, Johnson & Johnson (NYSE:JNJ) reported a third-quarter adjusted EPS of $2.42, down 9.0% year-over-year, beating the consensus of $2.21. The pharmaceutical giant reported sales of $22.47 billion, up 5.2% year over year and beating the consensus of $22.16 billion.

Operational growth was 6.3%, and adjusted operational growth was 5.4%.

Innovative Medicine sales increased to $14.58 billion, up 4.9% (+6.3% adjusted operational). Growth was driven by Darzalex (daratumumab), Erleada (apalutamide), Carvykti (ciltacabtagene autoleucel), Tremfya (guselkumab), Spravato (esketamine), and Opsumit (macitentan).

Stelara (ustekinumab) and Simponi/Simponi ARIA (golimumab)partially offset growth.

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Stelara sales fell 5.7% ...