Spread betting provider City Index offer free daily market updates to keep traders informed of the latest market movements. Today, they look at the share price of Johnson and Johnson.
Greater London, England -- (SBWIRE) -- 05/03/2011 -- During trading on the New York Stock Exchange today (April 19th), the share price of Johnson and Johnson (J&J) has so far performed well.
As of 11:12 ET, its share price had risen by more than 2.7 per cent on yesterday's close.
The rally followed the publication of its first quarter 2011 results, which showed that sales increased by 3.5 per cent on the same period in 2010 to hit $16.2 billion (£9.9 billion).
Although domestic sales dropped by 0.6 per cent, their international counterparts stormed ahead by 7.3 per cent, supporting 4.1 per cent of operational growth.
Recently-launched products such as SIMPONI and STELARA were highlighted as contributing to the sales lift.
"The innovations we are bringing to the market, the changes we are implementing in manufacturing and quality and the dedication of the people of [the organisation], give us great confidence in the future growth prospects of our business," J&J chief executive officer and chairman William Weldon stated.
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