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Johnson & Johnson (JNJ) to Report Q4 Earnings: Underperformance in 2022 and 2023
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Overview
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Johnson & Johnson (JNJ) is expected to report its Q4 fiscal 2023 earnings, with a consensus estimate of $1.10 per share. The company's stock has underperformed the S&P 500 in 2022 and 2023. However, JNJ's Q3 2023 revenues were up 8% and adjusted earnings per share improved by 160 bps. The company's Q3 2023 sales of $2.86 billion in the arthritis drug Stelara beat estimates. JNJ has also raised its 2023 profit forecast, with a focus on strong demand for Stelara.
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How does the revised profit outlook for JNJ impact its stock performance?
What are the reasons behind the improvement in JNJ's Q3 2023 revenues and adjusted EPS?
What factors contributed to JNJ's stock underperformance in 2022 and 2023?
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