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Johnson & Johnson Q3 sales increased 10.3%

Johnson & Johnson
Johnson & Johnson   $19.7 billion

Johnson & Johnson announced sales of $19.7 billion for the third quarter of 2017, an increase of 10.3% as compared to the third quarter of 2016.


Operational sales results increased 9.5% and the positive impact of currency was 0.8%.

Domestic sales increased 9.7%. International sales increased 10.9%, reflecting operational growth of 9.3% and a positive currency impact of 1.6%.

Excluding the net impact of acquisitions and divestitures, on an operational basis, worldwide, domestic and international sales each increased 3.8%.

Net earnings and diluted earnings per share for the third quarter of 2017 were $3.8 billion and $1.37, respectively.

Third-quarter 2017 net earnings included after-tax intangible amortization expense of approximately $0.9 billion and a charge for after-tax special items of approximately $0.5 billion.

Third-quarter 2016 net earnings included after-tax intangible amortization expense of approximately $0.2 billion and a charge for after-tax special items of approximately $0.2 billion.

Excluding after-tax intangible amortization expense and special items, adjusted net earnings for the current quarter were $5.2 billion and adjusted diluted earnings per share were $1.90, representing increases of 11.2% and 13.1%, respectively, as compared to the same period in 2016.

On an operational basis, adjusted diluted earnings per share also increased 10.1%.

 

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