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Financial Reports: Johnson & Johnson

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By: Tim Wright

Editor-in-Chief, Contract Pharma

1Q Revenues: $16.1 billion (flat) 1Q Earnings: $3.9 billion (+12%) Comments: Pharma sales were $6.3 billion, up 1%, with a slight negative impact from currency rates. Consumer sales dropped 2% to $3.6 billion, as the company continues to struggle with product shortages generated by its quality problems. Remicade sales were up 18% to $1.5 billion and Stelara sales rose 33% to $221 million, but Levaquin sales plummeted 93% from $434 million to $29 million. Doxil sales also collapsed, dropping fr...

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