NEW BRUNSWICK, N.J. (AP) — NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson (JNJ) on Tuesday reported first-quarter net income of $5.24 billion.
The New Brunswick, New Jersey-based company said it had profit of $2.14 per share. Earnings, adjusted for one-time gains and costs, were $2.70 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.
The world's biggest maker of health care products posted revenue of $24.06 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $23.45 billion.
Johnson & Johnson expects full-year earnings in the range of $11.45 to $11.65 per share, with revenue in the range of $100.3 billion to $101.3 billion.
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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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