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Johnson And Johnson Headquarters In Madrid
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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&Js 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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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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