News Column

Johnson & Johnson Profit, Revenue Rise

July 17, 2013

Second-quarter earnings more than doubled at US health-care product maker Johnson & Johnson, the company said Monday.

Quarterly net income was 3.8 billion dollars, or 1.3 dollars a share. The New Jersey-based company attributed the higher earnings in part to the sale of its stake in Elan Corporation.

Revenue rose 8.5 per cent to 17.8 billion dollars year-on-year. Both earnings and revenue beat Wall Street's expectations, Bloomberg news reported.




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