Reuters: Global Markets: Johnson & Johnson quarterly profit beats forecast, but sales lag

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Johnson & Johnson quarterly profit beats forecast, but sales lag Apr 17th 2012, 12:13 Tweet Share this Email Print Related News Goldman profit tops estimates; raises dividend 8:16am EDT Stock futures up as Spanish yields ease; earnings in focus 8:05am EDT Avon names J&J's McCoy as CEO; shares fall Mon, Apr 9 2012 Related Topics Hot Stocks » Asian Markets » Products made by Johnson & Johnson are displayed for sale on a store shelf in Westminster, Colorado April 14, 2009. Credit: Reuters/Rick Wilking Tue Apr 17, 2012 8:13am EDT (Reuters) - Johnson & Johnson (JNJ.N) reported better-than-expected quarterly earnings but global company revenue fell slightly on anemic sales of medical devices and consumer medicines -- businesses that have been hit by costly recalls in the past two years. The diversified healthcare company said it earned $3.91 billion, or $1.41 per share, in the first quarter. That compared with $3.48 billion, or $1.25 per share, in the year-ago period. Excluding special items, J&J earned $1.37 per share, topping the average analyst forecast of $1.35 per share, compiled by Thomson Reuters I/B/E/S. Global company revenue slipped 0.2 percent to $16.14 billion, versus Wall Street expectations of $16.26 billion. (Reporting By Ransdell Pierson; Editing by Maureen Bavdek) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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