NEW BRUNSWICK, N.J. (AP) _ Johnson & Johnson (JNJ) on Tuesday reported second-quarter net income of $5.61 billion.
The New Brunswick, New Jersey-based company said it had net income of $2.08 per share. Earnings, adjusted for one-time gains and costs, came to $2.58 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.
The world's biggest maker of health care products posted revenue of $20.56 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $20.32 billion.
Johnson & Johnson expects full-year earnings in the range of $8.53 to $8.63 per share.
Johnson & Johnson shares have climbed slightly more than 4% since the beginning of the year, while the Standard & Poor's 500 index has increased 20%. The stock has risen 7% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JNJ at https://www.zacks.com/ap/JNJ
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