Johnson & Johnson tops 2Q profit forecasts

Johnson & Johnson tops 2Q profit forecasts

By The Associated Press | Posted - Jul. 18, 2017 at 5:02 a.m.


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NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson (JNJ) is reporting second-quarter net income of $3.83 billion.

On a per-share basis, the New Jersey, company had net income of $1.40. Per-share earnings, adjusted for non-recurring costs and amortization costs, were $1.83.

The results Tuesday, according to a survey by Zacks Investment Research, topped Wall Street per-share expectations of $1.79.

Revenue was $18.84 billion, just shy of analyst expectations for $18.89 billion.

J&J expects full-year earnings in the range of $7.12 to $7.22 per share, with revenue in the range of $75.8 billion to $76.1 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

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Keywords: Johnson & Johnson, Earnings Report, Priority Earnings

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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