Johnson Johnson 1Q Earnings Snapshot

NEW BRUNSWICK, N.J. (AP) _ Johnson & Johnson (JNJ) on Tuesday reported first-quarter profit of $3.75 billion.On a per-share basis, the New Brunswick, New Jersey-based company said it had profit of $1.39. Earnings, adjusted for amortization costs and research and development costs, were $2.10 per share.The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.The world’s biggest maker of health care products posted revenue of $20.02 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $19.63 billion.Johnson & Johnson expects full-year earnings in the range of $8.53 to $8.63 per share.Johnson & Johnson shares have risen nearly 6 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 16 per cent. The stock has increased 4.5 per cent in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JNJ at https://www.zacks.com/ap/JNJThe Associated Press

Leave a Reply

Your email address will not be published. Required fields are marked *