Alexander Grano's  Instablog

Alexander Grano
Send Message
I am a intermediate investor with 3 years of trading experience with both Stocks and Mutual Funds. I primarily focus on long term investments that have strong potential to grow overtime.
  • JNJ Earnings Exceed Predictions. Revenue Disappoints 0 comments
    Jul 22, 2012 6:35 PM | about stocks: JNJ

    This morning during the shareholder conference call Johnson & Johnson (NYSE:JNJ) reported lower-than-expected quarterly sales on Tuesday during its Shareholder conference call and it also slashed its full-year 2012 profit forecast, citing negative foreign-exchange factors, but quarterly earnings narrowly beat Wall Street predictions.

    Johnson & Johnson

    J&J [JNJ 68.0882 -0.3618 (-0.53%) ] stated during the conference call that it earned a total of $1.41 billion, or 50 cents per share, in the second quarter. That compared with $2.78 billion, or $1 per share, in the year-earlier period, when the diversified healthcare company took a big charge for restructuring its Cordis heart-device unit.

    Quarterly sales totaled up to $16.48 billion, falling short of analyst expectations of $16.69 billion.

    Excluding a number of big charges, J&J earned a total of $1.30 per share in the most recent period. Analysts, on average, were expecting earnings to be close to $1.29 per share, according to Thomson Reuters.

    Overall, the outlook for JNJ is good for the coming quarter with a couple new products on the horizon.

    Disclosure: I am long JNJ.

    Stocks: JNJ
Back To Alexander Grano's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Not buying COST. To much risk if the sales numbers aren't strong
    Jul 19, 2012
  • Johnson and Johnson eps is slightly lower, however i would still consider this stock a good longterm holding. I am rating it Strong Buy
    Jul 17, 2012
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.