FILE - This Sept. 13, 2016, file photo, shows a selection of Johnson & Johnson brand first aid products arranged for a photo in Surfside, Fla. Johnson & Johnson reports earnings Tuesday, Oct. 16, 2018. (AP Photo/Wilfredo Lee, File)

Johnson & Johnson tops 3Q expectations

October 16, 2018 - 7:01 am

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson is edging out profit and revenue expectations for the third quarter and raising its profit outlook as domestic sales rise.

The company on Tuesday reported third-quarter earnings of $3.93 billion, or $1.44 per share. Earnings, adjusted for one-time gains and costs, were $2.05 per share, or 2 cents better than expected, according to a survey by Zacks Investment Research.

Revenue was $20.35 billion, also exceeding forecasts.

Johnson & Johnson expects full-year earnings in the range of $8.13 to $8.18 per share, with revenue in the range of $81 billion to $81.4 billion.

Company shares are down 4 percent this year.

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Portions of 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

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