Rochester, NY 7/14/2009 10:45:37 PM
JNJ - J&J Second-Quarter Profit Increase More than Expected
Johnson & Johnson
Johnson & Johnson, JNJ
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Its profit may have dipped because of slower sales this quarter, and currency exchanges didn't help, but Johnson & Johnson still beat analysts' estimates. On Tuesday, Johnson & Johnson said it earned $3.21 billion, or $1.15 a share, in the quarter on sales of $15.24 billion, which were down 7.4% from the year-earlier period. The company earned $3.33 billion, or $1.17 a share, in the year-earlier second quarter. The second quarter 2008 total also included a one-time $40 million R&D charge.
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