Johnson & Johnson (NYSE:JNJ) delivered a profit, YET came up short on beating the revenue expectation. Net income increased 1078.9% to $2.57 billion (91 cents per diluted share) in the quarter versus a net gain of $218 million in the year-earlier quarter. Revenue Rose 8.58% to $17.65 billion from the year-earlier quarter.
Johnson & Johnson reported adjusted net income of $1.19 cents per share. By that measure, the company beat the mean analyst estimate of $1.17. It missed the average revenue estimate of $17.67 billion.