Johnson & Johnson's Income Falls 23%

Posted Apr 19th 2011 8:22AM by The Associated Press

Health care giant Johnson & Johnson says sales rebounded but its profit dropped 23 percent in the first quarter, due to higher expenses, costs of recalls and litigation and a tax gain that boosted results a year ago.

Adjusted earnings topped expectations. J&J also raised its full-year earnings outlook.

The maker of Band-Aids, baby shampoo and birth control pills posted net income of $3.48 billion, or $1.25 per share, down from $4.53 billion, or $1.62 per share, in 2010's first quarter.

But after two years of declines, revenue rose by 3.5 percent to $16.17 billion.

Adjusted income was $4.86 billion, or $1.35 per share. Analysts expected earnings of $1.03 per share and revenue of $15.6 billion.

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4-21-2011 @ 11:02AM

Yon said...

Talk about enlightening reporting. Is it making money or losing? Is it having a profit or a loss. It says both in the same sentence.

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4-28-2011 @ 7:52AM

fidelcasti marriy said...

i will turn 24 on August 16th.. i go to school in Brownsville , Texas do i still have to put my parents income because by the fall i will be turning 24 and i do make under 25,000.
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4-29-2011 @ 2:20PM

Robert Simmons said...

FYI - revenue rose by 3.5 percent to $16.17 billion.

6-02-2011 @ 8:25PM

Josh Duyal said...

Daily finance? You got to to be kidding! This piece of news is so stale.

6-08-2011 @ 11:41AM

aerkokevin said...

June 8, 2011, This bigus story (income did not fall, just less profit than previous year due to prior year tax gain) has been up on AOL small business front page for over FIFTY DAYS and was misleading from the moment it was posted. Is any one at AOL monitoiring this page? Why has not J&J gotten this distortion of a public company pulled? Obviously no one gets stock info from AOL