J&J quarterly revenue, profit edge past Street
Johnson & Johnson (JNJ.N), the world's largest maker of healthcare products, reported third-quarter revenue and profit just ahead of Wall Street estimates, fuelled by strong sales in its prescription drugs business.
The company's net earnings rose to $4.27 billion (3.49 billion pounds), or $1.53 per share, in the third quarter, from $3.36 billion, or $1.20 per share, a year earlier.
Excluding special items, J&J earned $1.68 per share.
Revenue rose to $17.82 billion from $17.10 billion.
Analysts on average had expected a profit of $1.66 per share and revenue of $17.74 billion,... read more
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