FILE - This Oct. 10, 2008, file photo illustration shows Johnson & Johnson products, in Philadelphia. Johnson & Johnson reports earnings Tuesday, July 17, 2018. (AP Photo/Matt Rourke, File)

Johnson & Johnson beats revenue and profit projections

July 17, 2018 - 5:52 am
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NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson is reporting second-quarter earnings of $3.95 billion.

The New Brunswick, New Jersey, company said Tuesday that its profit was $1.45 per share. Earnings, adjusted for one-time gains and costs, were $2.10 per share, or 4 cents better than Wall Street had expected, according to a survey by Zacks Investment Research.

The world's biggest maker of health care products posted revenue of $20.83 billion in the period, also edging out expectations.

Johnson & Johnson expects full-year earnings in the range of $8.07 to $8.17 per share, with revenue in the range of $80.5 billion to $81.3 billion.

Johnson & Johnson shares are down almost 3 percent before the opening bell.

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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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