Johnson & Johnson: Q4 Earnings Snapshot
NEW BRUNSWICK, N.J. (AP) — NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson (JNJ) on Wednesday reported fourth-quarter profit of $3.43 billion.
The New Brunswick, New Jersey-based company said it had net income of $1.41 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $2.04 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The world’s biggest maker of health care products posted revenue of $22.52 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $22.51 billion.
Johnson & Johnson expects full-year earnings in the range of $10.50 to $10.70 per share, with revenue in the range of $89.2 billion to $90 billion.
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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/JNJ