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Johnson & Johnson Q2 adjusted earnings Beat Estimates

Johnson & Johnson (JNJ) reported a profit for second quarter that declined from the same period last year.

The company's profit came in at $3.63 billion, or $1.36 per share. This compares with $5.61 billion, or $2.08 per share, in last year's second quarter.

Excluding items, Johnson & Johnson reported adjusted earnings of $4.45 billion or $1.67 per share for the period.

Analysts had expected the company to earn $1.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.8% to $18.34 billion from $20.56 billion last year.

Johnson & Johnson earnings at a glance:

-Earnings (Q2): $4.45 Bln. vs. $6.95 Bln. last year.
-EPS (Q2): $1.67 vs. $2.58 last year.
-Analysts Estimate: $1.48
-Revenue (Q2): $18.34 Bln vs. $20.56 Bln last year.

Full year EPS guidance: $7.75 - $7.95

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