UPDATE: Johnson & Johnson Posts Upbeat Q2 Profit - Johnson & Johnson (NYSE:JNJ)

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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.

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