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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Johnson & Johnson Reports Second Quarter Profit Increases 0 comments
    Jul 16, 2013 11:15 AM | about stocks: JNJ

    Originally published at

    Johnson & Johnson (NYSE:JNJ) announced its financial results for second quarter fiscal 2013, reporting $17.9B in earnings, up from $16.5B the same quarter last year. The $17.9B in earnings and $1.48 earnings per share beat analyst expectations of $17.7B and earnings per share of $1.39. The company has raised its annual guidance from $5.35 to $5.45 per share up to $5.40 to $5.47 per share. The sale of its share in Elan for $1.26B distorted the financial results in a positive way but regardless of the sale, the increase in its guidance has all analysts optimistic. J&J attributes a lot of its success this quarter to the increased demand of its newer pharmaceutical products including Zytiga, a prostate cancer medicine, and Xarelto, a blood thinner.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: earnings, pharma, financial results Stocks: JNJ
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