referring to Market PulseJohnson & Johnson shares rose 3.7% on Q2 earnings, revenue beatsJohnson & Johnson JNJ+3.54% shares rose 3.7% in Tuesday morning trade after the company reported second-quarter earnings and revenue beats. Adjusted earnings-per-share were $2.10, above the FactSet consensus of $2.07. Revenue rose to $20.83 billion from $18.84 billion, above the FactSet consensus of $20.39 billion. Yet consumer sales came in below consensus, with oral care and women's health sales above consensus, while baby care, oral care, skin care and wound care sales were below consensus. Johnson & Johnson shares have dropped 0.7% over the last three months, compared with a 3.3% rise in the S&P 500 SPX+0.4% and a 1.1% rise in the Dow Jones Industrial Average DJIA+0.22%See original version of this story
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European shares take heart from Powell testimony as earnings flow in
MILAN/LONDON (Reuters) - European shares rose on Tuesday in a choppy session, as stocks were buoyed by upbeat comments in Federal Reserve Chairman Jerome Powell's testimony amid a batch of mixed company updates. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 20, 2018. Powell's testimony sent the dollar higher, putting pressure on the euro, which in turn helped the German exporter-heavy DAX index .GDAXI to outperform. "Currency weaknesses are resulting in outperformance for European indices against their U.S. counterparts," Joshua Mahony, market analyst at IG, said. Italian TV group Mediaset (MS.MI) added 3.5 percent after it made a joint bid for tower company EI Towers (EIT.MI).referring to
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