Medical Device

Johnson & Johnson (NYSE: JNJ) will host a conference call for investors at 8:30 a.m. (Eastern Time) on Wednesday July 21 st to review second-quarter results. Joseph J. Wolk Executive Vice President and Chief Financial Officer and Christopher DelOrefice Vice President, Investor Relations will host the call. The question and answer portion of the call will also include Alex Gorsky Chairman and Chief Executive Officer.

Investors and other interested parties can access the webcast/conference call in the following ways:

  • The webcast and presentation material are accessible at Johnson & Johnson's website www.investor.jnj.com . A replay of the webcast will be available approximately three hours after the conference call concludes.
  • By telephone: for both "listen-only" participants and those financial analysts who wish to take part in the question-and-answer portion of the call, the telephone dial-in number in the U.S. is 877-869-3847. For participants outside the U.S., the dial-in number is 201-689-8261.
  • A replay of the conference call will be available until approximately 12:00 a.m. on August 4, 2021 . The replay dial-in number for U.S. participants is 877-660-6853. For participants outside the U.S., the replay dial-in number is 201-612-7415. The replay conference ID number for all callers is 13719862.
  • The press release will be available at approximately 6:45 a.m. (Eastern Time) the morning of the conference call.
  • Please refer to www.investor.jnj.com for a complete list of currently planned 2021 earnings webcast/conference calls. Please note the third-quarter date of Tuesday, October 19 th , 2021.

About Johnson & Johnson
At Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. That's why for more than 130 years, we have aimed to keep people well at every age and every stage of life. Today, as the world's largest and most broadly-based health care company, we are committed to using our reach and size for good. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity.

(PRNewsfoto/Johnson & Johnson)

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SOURCE Johnson & Johnson

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  • Global COVID-19 testing-related sales of $2.3 billion in the second quarter
  • Continues to strengthen portfolio with new product approvals

Abbott (NYSE: ABT) today announced financial results for the second quarter ended June 30, 2022 .

  • Second-quarter sales of $11.3 billion increased 10.1 percent on a reported basis and 14.3 percent on an organic basis, which excludes the impact of foreign exchange.
  • GAAP diluted EPS 1 was $1.14 in the second quarter. Excluding specified items, adjusted diluted EPS was $1.43 , which reflects growth of 22.2 percent compared to the prior year.
  • Global COVID-19 testing-related sales were $2.3 billion in the second quarter.
  • Abbott is raising its full-year 2022 EPS guidance. Abbott projects full-year diluted EPS on a GAAP basis of at least $3.50 and projected adjusted diluted EPS of at least $4.90 .
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  • In June, Abbott announced breakthrough device designation from the U.S. FDA for its first-of-its-kind glucose-ketone biowearable sensor development program, which will enable people with diabetes to continuously monitor glucose and ketones in one sensor, helping those at risk for developing a life-threatening complication called diabetic ketoacidosis.

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  • Second-quarter sales of $11.3 billion increased 10.1 percent on a reported basis and 14.3 percent on an organic basis, which excludes the impact of foreign exchange.
  • GAAP diluted EPS 1 was $1.14 in the second quarter. Excluding specified items, adjusted diluted EPS was $1.43 , which reflects growth of 22.2 percent compared to the prior year.
  • Global COVID-19 testing-related sales were $2.3 billion in the second quarter.
  • Abbott is raising its full-year 2022 EPS guidance. Abbott projects full-year diluted EPS on a GAAP basis of at least $3.50 and projected adjusted diluted EPS of at least $4.90 .
  • 2022 guidance includes projected COVID-19 testing-related sales of $6.1 billion , which includes sales of $5.6 billion through June 2022 and projected sales of $500 million over the next few months.
  • In April, Abbott announced U.S. Food and Drug Administration (FDA) approval of its Aveir™ single-chamber (VR) leadless pacemaker for the treatment of patients with slow heart rhythms. Aveir VR is the world's only leadless pacemaker with a unique mapping capability to assess correct positioning prior to placement and was specifically designed to be expandable and retrievable when therapy needs evolve or the device needs to be replaced.
  • In May, Abbott announced U.S. FDA clearance of its FreeStyle Libre ® 3 system, which automatically delivers up-to-the-minute glucose readings and unsurpassed 14-day accuracy 2 in the world's smallest and thinnest 3 wearable sensor.
  • In June, Abbott announced breakthrough device designation from the U.S. FDA for its first-of-its-kind glucose-ketone biowearable sensor development program, which will enable people with diabetes to continuously monitor glucose and ketones in one sensor, helping those at risk for developing a life-threatening complication called diabetic ketoacidosis.

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  • Global COVID-19 testing-related sales of $2.3 billion in the second quarter
  • Continues to strengthen portfolio with new product approvals

Abbott (NYSE: ABT) today announced financial results for the second quarter ended June 30, 2022 .

  • Second-quarter sales of $11.3 billion increased 10.1 percent on a reported basis and 14.3 percent on an organic basis, which excludes the impact of foreign exchange.
  • GAAP diluted EPS 1 was $1.14 in the second quarter. Excluding specified items, adjusted diluted EPS was $1.43 , which reflects growth of 22.2 percent compared to the prior year.
  • Global COVID-19 testing-related sales were $2.3 billion in the second quarter.
  • Abbott is raising its full-year 2022 EPS guidance. Abbott projects full-year diluted EPS on a GAAP basis of at least $3.50 and projected adjusted diluted EPS of at least $4.90 .
  • 2022 guidance includes projected COVID-19 testing-related sales of $6.1 billion , which includes sales of $5.6 billion through June 2022 and projected sales of $500 million over the next few months.
  • In April, Abbott announced U.S. Food and Drug Administration (FDA) approval of its Aveir™ single-chamber (VR) leadless pacemaker for the treatment of patients with slow heart rhythms. Aveir VR is the world's only leadless pacemaker with a unique mapping capability to assess correct positioning prior to placement and was specifically designed to be expandable and retrievable when therapy needs evolve or the device needs to be replaced.
  • In May, Abbott announced U.S. FDA clearance of its FreeStyle Libre ® 3 system, which automatically delivers up-to-the-minute glucose readings and unsurpassed 14-day accuracy 2 in the world's smallest and thinnest 3 wearable sensor.
  • In June, Abbott announced breakthrough device designation from the U.S. FDA for its first-of-its-kind glucose-ketone biowearable sensor development program, which will enable people with diabetes to continuously monitor glucose and ketones in one sensor, helping those at risk for developing a life-threatening complication called diabetic ketoacidosis.

"We achieved another quarter of strong growth and are raising our full-year EPS guidance," said Robert B. Ford , chairman and chief executive officer, Abbott. "Our new product pipeline has remained highly productive, and our diversified business has continued to be resilient in a challenging macro environment."

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

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  • Sales growth of 10.1 percent; organic sales growth of 14.3 percent
  • GAAP diluted EPS growth of 72.7 percent; adjusted diluted EPS growth of 22.2 percent
  • Global COVID-19 testing-related sales of $2.3 billion in the second quarter
  • Continues to strengthen portfolio with new product approvals

Abbott (NYSE: ABT) today announced financial results for the second quarter ended June 30, 2022 .

  • Second-quarter sales of $11.3 billion increased 10.1 percent on a reported basis and 14.3 percent on an organic basis, which excludes the impact of foreign exchange.
  • GAAP diluted EPS 1 was $1.14 in the second quarter. Excluding specified items, adjusted diluted EPS was $1.43 , which reflects growth of 22.2 percent compared to the prior year.
  • Global COVID-19 testing-related sales were $2.3 billion in the second quarter.
  • Abbott is raising its full-year 2022 EPS guidance. Abbott projects full-year diluted EPS on a GAAP basis of at least $3.50 and projected adjusted diluted EPS of at least $4.90 .
  • 2022 guidance includes projected COVID-19 testing-related sales of $6.1 billion , which includes sales of $5.6 billion through June 2022 and projected sales of $500 million over the next few months.
  • In April, Abbott announced U.S. Food and Drug Administration (FDA) approval of its Aveir™ single-chamber (VR) leadless pacemaker for the treatment of patients with slow heart rhythms. Aveir VR is the world's only leadless pacemaker with a unique mapping capability to assess correct positioning prior to placement and was specifically designed to be expandable and retrievable when therapy needs evolve or the device needs to be replaced.
  • In May, Abbott announced U.S. FDA clearance of its FreeStyle Libre ® 3 system, which automatically delivers up-to-the-minute glucose readings and unsurpassed 14-day accuracy 2 in the world's smallest and thinnest 3 wearable sensor.
  • In June, Abbott announced breakthrough device designation from the U.S. FDA for its first-of-its-kind glucose-ketone biowearable sensor development program, which will enable people with diabetes to continuously monitor glucose and ketones in one sensor, helping those at risk for developing a life-threatening complication called diabetic ketoacidosis.

"We achieved another quarter of strong growth and are raising our full-year EPS guidance," said Robert B. Ford , chairman and chief executive officer, Abbott. "Our new product pipeline has remained highly productive, and our diversified business has continued to be resilient in a challenging macro environment."