Why Johnson & Johnson Rallied Today
Shares of Johnson & Johnson (NYSE: JNJ) rallied 6.1% on Wednesday as of 1:18 p.m. ET.
The pharmaceutical and medical equipment giant reported earnings today, which not only beat expectations, but also saw management lifting full-year guidance. As such, the stock continued to brush off tariff-related fears from the first half of the year.
In the second quarter, Johnson & Johnson grew revenue 5.8% to $23.7 billion, beating expectations. While adjusted (non-GAAP) earnings per share of $2.77 declined by 1.8% relative to the prior year, that was also ahead of analysts' expectations.
Source Fool.com
