Johnson & Johnson puts up big profit numbers for 2Q

Johnson & Johnson puts up big profit numbers for 2Q
FILE- This Nov. 14, 2018, file photo shows Lubriderm, a Johnson & Johnson product, on display at a market in Pittsburgh. Johnson & Johnson reports financial results on Tuesday, July 16. (AP Photo/Gene J. Puskar, File)

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson is putting up second quarter profit numbers that easily beat Wall Street expectations.

The world’s biggest maker of health care products posted earnings of $5.61 billion, or $2.08 per share. Earnings, adjusted for one-time gains and costs, came to $2.58 per share, or 16 cents above projections, according to a survey of analyst by Zacks Investment Research.

Revenue, at $20.56 billion, also beat expectations.

The New Brunswick, New Jersey, company said Tuesday that it expects full-year earnings in the range of $8.53 to $8.63 per share. Industry analysts have projected per-share annual earnings of $8.61.

_____

Portions of this story were 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