J&J Reports Financial Results for Q3
Johnson & Johnson has announced its financial results for the third quarter this year with sales of $16.0 billion, an increase of 6.8% as compared to the third quarter of 2010.
US health care giant Johnson & Johnson announced Tuesday sales of $16.0 billion for the third quarter of 2011, an increase of 6.8% as compared to the third quarter of 2010.
Operational results increased 2.6% and the positive impact of currency was 4.2%. Domestic sales declined 3.7%. International sales increased 16.4%, reflecting operational growth of 8.3% and a positive currency impact of 8.1%.
Net earnings and diluted earnings per share for the third quarter of 2011 were $3.2 billion and $1.15, respectively. Third-quarter 2011 net earnings also included an after-tax mark-to-market adjustment to the value of the currency option associated with the planned acquisition of Synthes, Inc. Excluding special items, net earnings fo
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