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Johnson & Johnson: Q3 Earnings Snapshot

Johnson & Johnson: Q3 Earnings Snapshot

NEW BRUNSWICK, N.J. (AP) — NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson (JNJ) on Tuesday reported third-quarter profit of $26.03 billion.

The New Brunswick, New Jersey-based company said it had net income of $10.21 per share. Earnings, adjusted for one-time gains and costs, were $2.66 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.

The world's biggest maker of health care products posted revenue of $21.35 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $21 billion.