J&J tops 1Q forecast
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April 17, 2001: 7:54 a.m. ET
Health-care products maker exceeds Street estimates by 2 cents a share
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NEW YORK (CNNfn) - Health products maker Johnson & Johnson posted improved first-quarter results Tuesday, beating Wall Street expectations by 2 cents a share.
The maker of such consumer products as Tylenol and Band-Aid bandages as well as drugs and professional health-care products, earned $1.5 billion, or $1.06 a diluted share, up from 93 cents a share in the year-ago quarter. Analysts surveyed by earnings tracker First Call had forecast $1.04 a share for the latest period.
Johnson & Johnson (JNJ: Research, Estimates) is one of five components of the Dow Jones industrial average due to report results Tuesday.
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