Why Johnson & Johnson Shares Trounced the Market Today
Johnson & Johnson (NYSE: JNJ) topped expectations for its latest quarter on Tuesday, and investors rewarded it with a nice bump in its stock price. The sprawling healthcare company's shares rose by 2.4% on the day, easily beating the S&P 500 index's gain of 0.7%.
Johnson & Johnson unveiled its third-quarter results Tuesday morning, which showed that the company earned $23.3 billion in sales. This was nearly 11% higher on a year-over-year basis, although it landed slightly below the consensus analyst estimate of just over $23.7 billion.
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Source Fool.com
