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American manufacturer of health products Johnson & Johnson, following the results of the second quarter, reported a net profit growth 1.4 times compared with the same period a year earlier to $5.607 billion. Adjusted earnings, which do not take into account one-time factors, increased by 23% over the year to $2.58 per share and exceeded economists’ forecast of $2.46 per share. Revenues amounted to 20.56 billion dollars, a decrease of 1.3% over the past 12 months. In organic terms, the index increased by 3.9%. During the earnings period, the company sold medical supplies worth $3.54 billion, increasing the rate for the year by 1.2%. Pharmaceutical sales grew by 1.7% to $10.53 billion. At the same time, medical devices were sold in the amount of $6.49 billion, which is 6.9% less than in the same period last year.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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