UPDATE: Johnson & Johnson Posts Upbeat Q2 Profit
Johnson & Johnson (NYSE: JNJ) reported a rise in its second-quarter profit.
Johnson & Johnson's quarterly profit surged to $3.83 billion, or $1.33 per share, versus $1.41 billion, or $0.50 per share, in the year-ago period. Its adjusted earnings came in at $1.48 per share.
Its revenue surged 8.5% to $17.88 billion from $16.48 billion. However, analysts were projecting earnings of $1.39 per share on revenue of $17.7 billion.
Johnson & Johnson projects adjusted full-year earnings of $5.40 to $5.47 per share. However, analysts were projecting earnings of $5.41 per share.
Johnson & Johnson shares gained 0.88% to $91.20 in pre-market trading.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.