logo
Share SHARE
FONT-SIZE Plus   Neg

J&J Q3 Net Profit Slips; Revises 2012 Adj. EPS View - Quick Facts

Johnson & Johnson (JNJ: Quote) posted a decline in third-quarter net earnings attributable to the company to $2.97 billion, or $1.05 per share, from $3.20 billion, or $1.15 per share a year before.

However, excluding items, quarterly adjusted earnings totaled $3.52 billion, or $1.25 per share, higher than $3.44 billion, or $1.24 per share last year. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $1.21 for the quarter. Analysts' estimates typically exclude one-time items.

Sales to customers were $17.1 billion for the 2012 third quarter, up 6.5% as compared with last year's $16.0 billion, while 13 analysts estimated revenues of $16.95 billion for the quarter. Operational results went up 10.8% and the negative impact of currency was 4.3%. Domestic sales increased 13.4%. International sales rose by 1.4%, reflecting operational growth of 8.9% and a negative currency impact of 7.5%.

For full year 2012, the company now sees earnings of $5.05 - $5.10 per share, excluding the impact of special items. Twenty analysts project annual earnings of $5.06 per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Deutsche Bank (DB) on Sunday reported an about 50 percent decline in first-quarter profit, despite clocking double-digit revenue growth, as the German lender recorded hefty legal charges over allegations of rate-rigging. Casino operator Wynn Resorts said its shareholders ousted Elaine Wynn from the board, reflecting fears that her presence may lead to disharmony with the management. To commemorate the launch of Hubble telescope twenty-five year ago, NASA unveiled celestial fireworks as official image, marked by brilliant tapestry of young stars flaring to life.
comments powered by Disqus
RELATED NEWS
Trade JNJ now with 
Follow RTT