Manufacturing Industry
J&J results ease US blues.(FINANCIAL NEWS)
Cosmetics International, April, 2008
Healthy overseas sales growth of 13.7% helped Johnson 8 Johnson (J&J) dispel some of the gloom that is plaguing the US business community.
The US consumer products and pharmaceuticals company has unveiled a 40% rise in earnings to $3.6bn for its first quarter and revenue growth of 7.7% to $16.2bn, well ahead of analysts' expectations.
J&J said the results were lifted by a 16.2% rise in consumer product sales to $4.1bn, nearly two-thirds of which was organic. The Neutrogena skin care line and its Listerine mouthwash brand were said to have performed particularly well.
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