Johnson & Johnson (JNJ) stock drops 1.8% on revenue miss

Clay Webster FXStreet

Though revenue grew 10% YoY, Johnson & Johnson (JNJ) reported Q4 revenue of $24.8 billion on Tuesday morning that came in $500 million below optimistic analyst consensus. Dropping 1.8% on the news, JNJ stock is trading at $159.97 in the premarket.

The healthcare powerhouse reported adjusted earnings per share (EPS) of $2.13, which was just above Wall Street forecasts.

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Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

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