Johnson & Johnson Q3 adjusted earnings Beat Estimates

(RTTNews) - Johnson & Johnson (JNJ) released earnings for its third quarter that advanced from the same period last year.

The company's profit totaled $3.67 billion, or $1.37 per share. This compares with $3.55 billion, or $1.33 per share, in last year's third quarter.

Excluding items, Johnson & Johnson reported adjusted earnings of $6.97 billion or $2.60 per share for the period.

Analysts had expected the company to earn $2.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.7% to $23.34 billion from $21.08 billion last year.

Johnson & Johnson earnings at a glance:

-Earnings (Q3): $6.97 Bln. vs. $5.87 Bln. last year. -EPS (Q3): $2.60 vs. $2.20 last year. -Analysts Estimate: $2.35 -Revenue (Q3): $23.34 Bln vs. $21.08 Bln last year.

-Guidance: Full year EPS guidance: $9.77 - $9.82