NEW BRUNSWICK, N.J. — Johnson & Johnson today reported third-quarter profit of $3.67 billion.
The company said it had profit of $1.37 per share. Earnings, adjusted for one-time gains and costs, were $2.60 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.
The world’s biggest maker of health care products posted revenue of $23.34 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $23.62 billion.
Johnson & Johnson expects full-year earnings in the range of $9.77 to $9.82 per share, with revenue in the range of $94.1 billion to $94.6 billion.