NEW BRUNSWICK, N.J. (AP) – Johnson & Johnson (JNJ) on Tuesday reported fourth-quarter net income of $3.81 billion.
On a per-share basis, the New Brunswick, New Jersey-based company said it had profit of $1.38. Earnings, adjusted for amortization costs and restructuring costs, came to $1.58 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The world’s biggest maker of health care products posted revenue of $18.11 billion in the period, matching Street forecasts.
Johnson & Johnson expects full-year earnings in the range of $6.93 to $7.08 per share, with revenue in the range of $74.1 billion to $74.8 billion.