Johnson & Johnson’s Profit, Sales Rise

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Johnson & Johnson’s Profit, Sales Rise
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Johnson & Johnson had sales increases in its pharmaceuticals and consumer-products divisions but a slight decline in its medical-devices business

Johnson & Johnson said its profit and sales rose for the fourth quarter, roughly in line with Wall Street estimates.

The New Jersey-based health-products company reported net income of $4.01 billion, or $1.50 a share, compared with $3.04 billion, or $1.12 a share, in the year-ago period. Excluding special items, Johnson & Johnson earned $1.88 a share.

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