Johnson & Johnson Q3 Profit Increases, Beats Estimates

(RTTNews) - Johnson & Johnson (JNJ) reported earnings for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $5.152 billion, or $2.12 per share. This compares with $2.694 billion, or $1.11 per share, last year.

Excluding items, Johnson & Johnson reported adjusted earnings of $6.801 billion or $2.80 per share for the period.

Analysts on average had expected the company to earn $2.76 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 6.8% to $23.993 billion from $22.471 billion last year.

Johnson & Johnson earnings at a glance (GAAP) :

-Earnings: $5.152 Bln. vs. $2.694 Bln. last year. -EPS: $2.12 vs. $1.11 last year. -Revenue: $23.993 Bln vs. $22.471 Bln last year.

-Guidance: Full year EPS guidance: $10.80 - $10.90 Full year revenue guidance: $93.0 - $93.4 Bln