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Johnson & Johnson (JNJ) Has Risen To A New High On Strong Q3 Earnings

Johnson & Johnson (JNJ) reported third quarter EPS of $1.90 Tuesday morning, up from $1.68 last year. The consensus estimate was for EPS of $1.80.

The company now expects full year 2017 adjusted EPS of $7.25 to $7.30 up from prior guidance of $7.12 to $7.22. Street expectations are for EPS of $7.18.

Johnson & Johnson gapped open higher Tuesday and is now up 2.57 at $138.69 in early trade. The stock has climbed past resistance and has set a new high for the year.

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