New York: Johnson & Johnson’s third-quarter earnings fell on lower US sales, but the weaker dollar and strong overseas sales helped the company beat Wall Street forecasts.
J&J said on Tuesday it earned $3.2 billion, or $1.15 per share. That compared with $3.42 billion, or $1.23 per share, in the year-earlier period.
Rolls of Johnson & Johnson cloth tape are displayed for sale. Photo: Bloomberg.
Excluding special items, J&J earned $1.24 per share. Analysts on average had expected $1.21 per share, according to Thomson Reuters.