financetom
Business
financetom
/
Business
/
Johnson & Johnson beats profit estimates on strong Darzalex, medtech sales
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Johnson & Johnson beats profit estimates on strong Darzalex, medtech sales
Jul 16, 2025 3:53 AM

(Reuters) -Johnson & Johnson ( JNJ ) 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 Trump administration's pause on levies on China and other retaliatory tariff measures.

"We were able to absorb that and still raise our EPS guidance by 25 cents on the year," CFO Joseph Wolk said.

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. Sales in the quarter were $23.74 billion, above analysts' expectations of $22.84 billion.

Excluding 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.

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.

It cited strong operational performance in the quarter as well as the stronger dollar for the increase.

J&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.

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.

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.

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.

Shares of the company rose 1.1% to $156.90 in premarket trading.

(Reporting by Michael Erman in New York and Bhanvi Satija in Bengaluru; Editing by Cynthia Osterman and Anil D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved