Johnson & Johnson (JNJ) announced a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $3.431 billion, or $1.41 per share. This compares with $4.132 billion, or $1.70 per share, last year.
Excluding items, Johnson & Johnson reported adjusted earnings of $4.946 billion or $2.04 per share for the period.
Analysts on average had expected the company to earn $2.02 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.3% to $22.520 billion from $21.395 billion last year.
Johnson & Johnson earnings at a glance (GAAP) :
-Earnings: $3.431 Bln. vs. $4.132 Bln. last year.
-EPS: $1.41 vs. $1.70 last year.
-Revenue: $22.520 Bln vs. $21.395 Bln last year.
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