logo
Share SHARE
FONT-SIZE Plus   Neg

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

Johnson & Johnson (JNJ) 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
Activist investor Rudolf Bohli is reportedly targeting Switzerland's second largest bank Credit Suisse. Bloomberg reported that Bohli has 0.2 percent stake in Credit Suisse that comes around 100 million francs or around $102 million. Australia's flag carrier Qantas Airways Ltd. on Tuesday took delivery of its first Boeing 787-9 Dreamliner aircraft, noting that the game-changing aircraft will open up new routes and new levels of comfort for travelers. The new aircraft will enable Qantas to operate Australia's first regular non-stop flights to Europe. Flight 666 for HEL departed just after the 13th hour on Friday, October 13, for one last time. Nevertheless, the FinnAir A320 flight from Copenhagen, Denmark, did land safely at HEL - the International Air Transport Association code for Helsinki in Finland - an hour and a half later in partly sunny weather. Friday the 13th is considered an unlucky day in Western superstition.
comments powered by Disqus
Follow RTT