Johnson & Johnson's (NYSE:JNJ) net income fell in the second quarter.
Earnings and Revenue The company posted an EPS above analyst expectations, though revenues fell short of predictions. The company reported adjusted net income of $1.30 a share versus the $1.29 a share estimate and revenues of $16.5 billion versus the $16.69 billion estimate. The estimates of 19 analysts ranged from profit of $1.25 to profit of $1.33.
The company's net income for the quarter fell 49.3% to $1.41 billion. Revenue fell 0.6% from $16.6 billion in the same period last year.
Company Fundamental Trends Revenue declined last quarter after shrinking 0.2% to $16.14 billion in the first quarter.
History Against Expectations The company has now topped analyst estimates for at least the last four quarters. It beat by one cent in the first quarter, 3 cents in the fourth quarter of the last fiscal year and 3 cents in the third quarter of the last fiscal year.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.