Johnson & Johnson Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Johnson & Johnson (JNJ) released earnings for second quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $4.69 billion, or $1.93 per share. This compares with $5.38 billion, or $2.05 per share, in last year's second quarter.

Excluding items, Johnson & Johnson reported adjusted earnings of $6.84 billion or $2.82 per share for the period.

Analysts on average had expected the company to earn $2.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.3% to $22.45 billion from $21.52 billion last year.

Johnson & Johnson earnings at a glance (GAAP) :

-Earnings (Q2): $4.69 Bln. vs. $5.38 Bln. last year. -EPS (Q2): $1.93 vs. $2.05 last year. -Revenue (Q2): $22.45 Bln vs. $21.52 Bln last year.

-Guidance: Full year EPS guidance: $9.97 - $10.07 Full year revenue guidance: $89.2 - $89.6 Bln