NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson (JNJ) on Tuesday reported fourth-quarter net income of $1.74 billion.
The New Brunswick, New Jersey-based company said it had profit of 65 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.86 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.
The world’s biggest maker of health care products posted revenue of $22.48 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $21.62 billion.
Johnson & Johnson expects full-year earnings in the range of $9.40 to $9.60 per share, with revenue in the range of $90.5 billion to $91.7 billion.
Johnson & Johnson shares have risen 5.5% since the beginning of the year, while the Standard & Poor’s 500 index has increased almost 3%. The stock has climbed 12% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JNJ at https://www.zacks.com/ap/JNJ
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