Johnson & Johnson Boosts FY18 Outlook - Quick Facts

(RTTNews) - Johnson & Johnson (JNJ) on Tuesday, while reporting financial results for the third quarter, raised its adjusted earnings and sales forecast for fiscal 2018. The company raised full-year outlook for adjusted earnings to a range of $8.13 to $8.18 per share. This reflects an increase in expected operational earnings per share growth of 9.3 to 10.0 percent.

Earlier, the company forecast adjusted earnings in a range of $8.07 to $8.17 per share, reflecting expected operational growth in the range of 8.5 to 9.9 percent.

Additionally, the company raised its sales guidance for the full-year 2018 to a range of $81.0 billion to $81.4 billion. This reflects an increase in expected operational growth of 5.5 percent to 6.0 percent, partially offset by the estimated lower favorable impact of currency.

Earlier, the company forecast sales for the full-year in a range of $80.5 billion to $81.3 billion, reflecting expected operational growth in the range of 4.5 percent to 5.5 percent.

On average, analysts polled by Thomson Reuters expect the company to earn $8.15 per share for the year on revenues of $81.21 billion. Analysts' estimates typically exclude special items.