×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

J&J profit falls, but beats forecast

J&J profit falls, but beats forecast
Comment E-mail Print Share
First Published: Tue, Oct 18 2011. 06 04 PM IST

Rolls of Johnson & Johnson cloth tape are displayed for sale. Photo: Bloomberg.
Rolls of Johnson & Johnson cloth tape are displayed for sale. Photo: Bloomberg.
Updated: Tue, Oct 18 2011. 06 04 PM IST
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.
Rolls of Johnson & Johnson cloth tape are displayed for sale. Photo: Bloomberg.
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.
Excluding special items, J&J earned $1.24 per share. Analysts on average had expected $1.21 per share, according to Thomson Reuters.
Comment E-mail Print Share
First Published: Tue, Oct 18 2011. 06 04 PM IST