Johnson & Johnson stock rises as company raises sales guidance after earnings
Shares of Johnson & Johnson JNJ, +0.40% gained 1.0% in premarket trade Tuesday, after the drug and consumer products giant reported first-quarter earnings and revenue that rose above expectations, and raised its full-year sales growth outlook. Net income fell to $3.75 billion, or $1.39 a share, from $4.37 billion, or $1.60 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS rose to $2.10 from $2.06, beating the FactSet consensus of $2.04. Sales increased 0.1% to $20.
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