J&J Announces $23.31B Q2 Revenue. Forecasts $2.5B from 2021 Vaccine Sales

J&J Announces $23.31B Q2 Revenue. Forecasts $2.5B from 2021 Vaccine Sales

 (Johnson & Johnson) Vaccine maker Johnson & Johnson expects $2.5 billion sales in its Covid-19 vaccine amidst doubts of its effectiveness against the delta variant.

The company reported $23.31 billion in revenue in the second quarter, an equivalent of $2.48 EPS, more than a forecast of $22.21 billion or $2.27 EPS.

The reported sales are an increase of 27.1% compared to $18.336 billion reported in the second quarter of 2020.

The sales of the Covid-19 vaccine globally by the company was $164 million in the second quarter of 2021.

J&J has expressed optimism that it will report a full-year profit of between $ 9.5-$9.6 EPS and a revenue target of up to $93.3 billion.

Previous full year EPS forecast was $9.30-$9.45, while revenues were $89.3 billion-$90.3 billion.

JNJ: NYSE is down -0.49% on pre-market.

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