CNBC April 16, 2024
Key Points
– Johnson & Johnson reported first-quarter adjusted earnings that topped expectations as sales in its medical devices business surged.
– The company is benefiting from a rebound in demand for nonurgent surgeries among older adults, who deferred those procedures during the Covid pandemic.
– Meanwhile, the company’s total revenue for the period came in-line with estimates.
Johnson & Johnson on Tuesday reported first-quarter adjusted earnings that topped Wall Street’s expectations as sales in its medical devices business surged.
Meanwhile, the company’s total revenue for the period was largely in line with estimates.
J&J’s medtech division provides devices for surgeries, orthopedics and vision. The company is benefiting from a rebound in demand for nonurgent surgeries among older adults, who...
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