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Facade of Johnson and Johnson pharmaceutical office in Madrid, Spain
Johnson and Johnson pharmaceutical office.

Johnson & Johnson pops on top- and bottom-line beat, boost to full-year outlook

The drugmaker’s “grind it out” year is paying off, with sales jumping even as its blockbuster treatment faces more competition.

Nia Warfield

Johnson & Johnson shares are the top performer in the S&P 500 on Wednesday morning, jumping nearly 6% after the drugmaker posted better-than-expected earnings and hiked its outlook for the year.

Revenue hit $23.7 billion last quarter, besting the $22.8 billion forecast from analysts polled by Bloomberg. Earnings also reached an adjusted $2.77 per share, beating the expected $2.70.

Investors were bracing for a slowdown as Stelara, JNJ’s blockbuster psoriasis drug, faces new competition. The company originally forecast just 1% sales growth for 2025.

But even as Stelara sales cool, other drugs in JNJ’s portfolio have stepped up. Now, the company expects full-year total sales of $93.2 billion to $93.6 billion, up 5.1% to 5.6% from last year. The Street had penciled in sales of about $91.4 billion for 2025.

The company also spotlighted its cardiovascular unit as a “constant growth” driver and slashed its expected tariff costs for the year to $200 million — half the $400 million it projected earlier.

Shares of Johnson & Johnson are up nearly 13% year to date.

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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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