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Earnings Results: J&J beats Wall Street expectations for second-quarter earnings, boosts guidance

Shares of Johnson & Johnson rose 0.5% in premarket trade Tuesday after the company reported second-quarter earnings and revenue that soundly beat Wall Street expectations.

J&J’s JNJ, +0.31% profit JNJ, +0.31% for the latest quarter rose 42% to $5.607 billion, or $2.08 per share, from $3.954 billion, or $1.45 per share, a year ago, lifted by a pretax gain of $2 billion in the quarter from the sale of its Advanced Sterilization Products business to Fortive Corp. FTV, -0.69%

Adjusted EPS was $2.58 per share. Analysts polled by FactSet were expecting EPS of $2.46 per share.

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