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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 Revenue And Earnings Climb 0 comments
    Apr 15, 2014 11:04 AM | about stocks: JNJ

    Originally published at www.seclive.com

    Johnson & Johnson (NYSE:JNJ) announced its financial results for the first quarter of fiscal year 2014, reporting steady climbs in both revenue and earnings. The healthcare and pharmaceutical company reported revenue of $18.12B, a 3.5% increase from the year-ago quarter while also beating analyst predictions of $18.04B. Earnings jumped from $3.5B and $1.22 per share in 2013 to $4.73B and $1.64 per share, with its adjusted earnings per share of $1.54 beating $1.48 analyst estimates. CEO Alex Gorsky commented that the company performed well executing its short and long-term strategies as it positions itself for continued, long-term growth. With the continued growth of existing products and successful launches of new products, Gorsky believes this helps fuel the company's incremental success. With its strong results, Johnson & Johnson increased its annual earnings guidance to between $5.80 and $5.90 per share, up from $5.75 and $5.85 per share.

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

    Themes: financial results, earnings Stocks: JNJ
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