J&J Reports $100 Million in Vaccine Sales as Results Top Forecasts

J&J Reports $100 Million in Vaccine Sales as Results Top Forecasts
A vial with the Johnson & Johnson's one-dose COVID-19 vaccine is seen at the Vaxmobile, at the Uniondale Hempstead Senior Center, in Uniondale, N.Y., on March 31, 2021. Mary Altaffer/AP Photo
Reuters
Updated:

Johnson & Johnson beat expectations for quarterly earnings and raised its dividend payouts to shareholders on Tuesday, while reporting $100 million in sales of its COVID-19 vaccine, whose use was paused by U.S. regulators last week.

The company, which has previously said the vaccine will be available on a not-for-profit basis until the end of the pandemic, also tightened its forecast for adjusted profit this year, suggesting it was largely performing as previously expected.