Tags: US | Earns | Johnson | & | Johnson

J&J Posts Profit Jumps 29 Percent on One Time Gain

Tuesday, 20 Apr 2010 08:01 AM


The world's biggest maker of health care products is on the mend, with a slight increase in sales and profit after the recession dragged results down last year.

Johnson & Johnson says its first-quarter profit is up 29 percent, to $4.53 billion, but that's mainly due to a one-time gain from litigation. That profit represents earnings of $1.62 per share, or $1.29 excluding the gain.

The New Brunswick, N.J.-based maker of biologic drugs, Band-Aids and baby shampoo says sales were up 4 percent, to $15.63 billion.

The results are slightly better than experts' forecasts.

Analysts polled by Thomson Reuters expected J&J to earn $1.27 per share on sales of $15.6 billion.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved