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Recalls, generics hurt revenues
July 20, 2010
By: Tim Wright
Editor-in-Chief, Contract Pharma
Johnson & Johnson 2Q10 2Q Revenues: $15.3 billion (+1%) 2Q Earnings: $3.4 billion (+7%) YTD Revenues: $31.0 billion (+2%) YTD Earnings: $8.0 billion (+19%) Comments: Excluding the effects of currency fluctuation, revenues were virtually flat in 2Q10. U.S. pharma revenues dropped 2% to $3.1 billion, while international pharma sales rose 5% to $2.4 billion. Consumer products dropped 14% in the quarter to $1.5 billion, a result of product recalls at McNeil Consumer Healthcare. Fo...
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