Johnson & Johnson beats revenue and profit projections

NEW BRUNSWICK, N.J. | Johnson & Johnson beats revenue and profit projections

NEW BRUNSWICK, N.J.— 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.

__

By Associated Press