Johnson & Johnson Q2 profit rises; raises full-year adj. EPS target - quick facts 2
7/15/2008 8:13 AM ET
(RTTNews) - Johnson & Johnson (JNJ: News, Chart, Quote ) reported second-quarter net earnings of $3.33 billion or $1.17 per share, compared to $3.08 billion or $1.05 per share in the same quarter last year.
Adjusted earnings were $3.38 billion or $1.18 per share, compared to $3.08 billion or $1.05 per share in the year-ago quarter. On average, 14 analysts polled by First Call/Thomson Financial expected earnings of $1.12 per share.
Sales for the quarter rose to $16.45 billion from $15.13 billion in the comparable quarter a year-ago. Thirteen Wall Street analysts' consensus revenue estimate came in at $16.00 billion.
The company also increased its adjusted earnings guidance for full-year 2008 to $4.45 - $4.50 per share from its prior forecast of $4.40 - $4.45 per share. Analysts expect earnings of $4.45 per share.