Washington: Johnson & Johnson (J&J), the world’s second-largest seller of health-care products, achieved US$16.2 billion in sales for the first quarter of 2011, company’s financial report announced Tuesday.
The fresh sales figure increased by 3.5 percent as compared to the same period of 2010, said the report.
Domestic sales fell 0.6 percent, while international sales increased by 7.3 percent, reflecting operational growth of 4.1 percent and a positive currency impact of 3.2 percent, according to the report.
Excluding special items, net earnings for the first quarter this year were US$3.7 billion and diluted earnings per share were US$1.35, representing increases of 3.6 percent and 4.7 percent respectively, as compared to the same period in 2010.
Chairman and Chief Executive Officer of J&J William C. Weldon said, “Our pharmaceuticals business demonstrated strong growth this quarter led by the performance of recently launched products. We delivered solid earnings while making the investments necessary to advance the robust pipelines across our businesses.”
Moreover, the company raised its earnings forecast for full-year 2011 to US$4.90 – 5.00 per share, which also excludes the impact of special items, reflecting both currency exchange rate changes and recent developments in the business.
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