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Johnson And Johnson Headquarters In Madrid
(Cristina Arias/Getty Images)

J&J beats analyst earnings estimates, offers upbeat guidance

The company doesn’t think the threat of tariffs will shrink its profits in 2025.

J. Edward Moreno

Johnson & Johnson rose in early trading after it reported earnings that beat analysts’ estimates and gave upbeat guidance.

The company reported adjusted earnings per share of $2.77, compared to the $2.58 analysts polled by Factset were expecting. It also reported $21.9 billion in sales, compared to the $21.5 billion analysts were penciling in. J&J’s sales growth was driven by oncology and cardiovascular drugs, which made up for a drag in Stelara, its blockbuster immunology drug whose patent expired in 2023.

J&J said it expects full-year EPS to grow by 6.2%, even with pricing in tariffs costs. President Trump has kept the pharmaceutical industry on its toes, consistently threatening to put tariffs on the industry to pressure companies to reshore manufacturing. According to J&J, the company has more manufacturing in the US than in any other country, and it recently announced a multibillion-dollar investment in US manufacturing.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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