Johnson & Johnson: revenue growth and profit decline

Johnson & Johnson reported increase in revenue and profit decline for the second quarter.

Johnson & Johnson's revenue, increased by 8 percent in the second quarter, to 16.6 billion USD, which exceeded the market expectations and the analysts' consensus of 16.24 billion USD. The company's net profit decreased to 2.78 billion USD, from the 3.45 billion USD of a year earlier – reports tozsdeforum.hu.