Johnson & Johnson tops profit and revenue expectations in 1Q

NEW BRUNSWICK, N.J. — Johnson & Johnson is reporting better than expected profit and revenue for the first quarter

The New Brunswick, New Jersey, company on Tuesday reported profits of $4.37 billion, or $1.60 per share. Adjusted per-share earnings were $2.06, a nickel better than expected, according to a poll by Zacks Investment Research.

The world’s biggest maker of health care products posted revenue of $20.01 billion, topping analyst projections for $19.48 billion.

Johnson & Johnson expects full-year earnings in the range of $8 to $8.20 per share, with revenue in the range of $81 billion to $81.8 billion.

Shares are up almost 2 per cent before the opening bell.

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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