Johnson & Johnson tops forecasts

johnson & johnsonJohnson & Johnson has reported a net income of $US4 billion ($A5.26 billion) for the second quarter.

The results surpassed Wall Street expectations.

The world’s biggest maker of healthcare products posted revenue of $US18.48 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks Investment Research expected $US17.89 billion.

Johnson & Johnson shares have increased 20 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 6 per cent. The stock has risen 22 per cent in the last 12 months.

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