Business

Johnson & Johnson reports 4Q loss

Posted January 23, 2018 6:00 am

The Associated Press

NEW BRUNSWICK, N.J. (AP) - Johnson & Johnson is reporting a fourth-quarter loss of $10.71 billion, after reporting a profit a year earlier.

While that translates to a per-share loss of $3.99, or $1.74 when adjusted for one-time gains and losses, the New Brunswick, New Jersey, company exceeded Wall Street profit expectations by 2 cents per share, according to a poll of industry analysts by FactSet.

The world's biggest maker of health care products posted revenue of $20.2 billion, just shy of expectations.

Johnson & Johnson expects full-year earnings in the range of $8 to $8.20 per share, with revenue in the range of $80.6 billion to $81.4 billion.

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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

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