NEW BRUNSWICK, N.J. (AP) _ Johnson & Johnson (JNJ) on Wednesday reported fourth-quarter earnings of $4.01 billion.
On a per-share basis, the New Brunswick, New Jersey-based company said it had profit of $1.50. Earnings, adjusted for one-time gains and costs, were $1.88 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The world's biggest maker of health care products posted revenue of $20.75 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $20.79 billion.
Johnson & Johnson expects full-year earnings in the range of $8.95 to $9.10 per share, with revenue in the range of $85.4 billion to $86.2 billion.
Johnson & Johnson shares have increased slightly more than 2% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 3%. The stock has increased 14% 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
© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile