Johnson & Johnson Q3 adjusted earnings Beat Estimates

(RTTNews) - Johnson & Johnson (JNJ) released earnings for its third quarter that increased from last year.

The company's earnings totaled $3.93 billion, or $1.44 per share. This compares with $3.76 billion, or $1.37 per share, in last year's third quarter.

Excluding items, Johnson & Johnson reported adjusted earnings of $5.59 billion or $2.05 per share for the period.

Analysts had expected the company to earn $2.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.6% to $20.35 billion from $19.65 billion last year.

Johnson & Johnson earnings at a glance:

-Earnings (Q3): $5.59 Bln. vs. $5.21 Bln. last year. -EPS (Q3): $2.05 vs. $1.90 last year. -Analysts Estimate: $2.03 -Revenue (Q3): $20.35 Bln vs. $19.65 Bln last year.

-Guidance: Full year EPS guidance: $8.13 to $8.18 Full year revenue guidance: $81.0 to $81.4 Bln