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 This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Companies
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...
US,Earns,Johnson,&,Johnson
111
2010-01-20
 

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.COM
© Newsmax Media, Inc.
All Rights Reserved