BERNAMA – Johnson and Johnson posted a profit yesterday for third quarter that decreased from the same period last year but beat Wall Street estimates, reported the German news agency (dpa).
The company’s earnings totalled USD2.69 billion, or USD1.11 per share.
This compares with USD4.3 billion, or USD1.69 per share, in last year’s third quarter.
Excluding items, Johnson and Johnson reported adjusted earnings of USD5.87 billion, or USD2.42 per share, for the period.
Analysts on average had expected the company to earn USD2.21 per share, according to figures compiled by Thomson Reuters.
Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 5.2 per cent to USD22.4 billion from USD21.3 billion last year.
