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Johnson & Johnson: tightens up 2019 target EPS range

(CercleFinance.com) - In 2019 Johnson & Johnson now expects adjusted EPS of between 8.
84 dollars and 8.89 dollars, against 8.73 dollars to 8.83 dollars previously, with adjusted operating sales growth of 4.5% to 5%, vs. a previous forecast range of between 3.2% and 3.7%.

The health care group posted Q3 adjusted net income that is up 1.5% at 5.67 billion dollars, or 2.12 dollars per share, above the consensus of exactly two dollars.

Its revenues increased by 1.9% to 20.7 billion dollars, which were up 3.2% in operational terms (i.e. excluding currency effects). When adjusted for scope effects as well, revenues rose by 5.2%.


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