Rolls of Johnson & Johnson cloth tape are displayed for sale. Photo: Bloomberg.
J&J profit falls, but beats forecast
1 min read . Updated: 18 Oct 2011, 06:04 PM ISTJ&J profit falls, but beats forecast
Rolls of Johnson & Johnson cloth tape are displayed for sale. Photo: Bloomberg.
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.
Excluding special items, J&J earned $1.24 per share. Analysts on average had expected $1.21 per share, according to Thomson Reuters.