Johnson & Johnson tops 2Q profit forecasts

FILE - This Tuesday, Sept. 13, 2016, file photo, shows Johnson & Johnson Band-Aid brand bandages in Surfside, Fla. Johnson & Johnson reports financial

FILE - In this Tuesday, Sept. 13, 2016, file photo, a selection of Johnson & Johnson brand first aid products are shown in Surfside, Fla. Johnson & Jo

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson (JNJ) is reporting second-quarter net income of $3.83 billion.

On a per-share basis, the New Jersey, company had net income of $1.40. Per-share earnings, adjusted for non-recurring costs and amortization costs, were $1.83.

The results Tuesday, according to a survey by Zacks Investment Research, topped Wall Street per-share expectations of $1.79.

Revenue was $18.84 billion, just shy of analyst expectations for $18.89 billion.

J&J expects full-year earnings in the range of $7.12 to $7.22 per share, with revenue in the range of $75.8 billion to $76.1 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on JNJ at


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