Johnson & Johnson Reports Q3

Johnson & Johnson announced sales of $15.9 billion for the third quarter of 2008, an increase of 6.4% as compared to the third quarter of 2007. Net earnings and diluted earnings per share for the third quarter of 2008 were $3.3 billion and $1.17, respectively.

Worldwide consumer sales of $4.1 billion for the third quarter represented a 13.1% increase over the prior year with operational growth of 9.4% and a positive impact from currency of 3.7%. Domestic sales increased 11.2%, while international sales increased 14.7%; 8.1% from operations and 6.6% from currency.

According to the company, sales results reflect the strong performance of Listerine antiseptic mouth rinse, international sales of baby care products and the Neutrogena, Clean & Clear and Aveeno skin care lines, as well as sales of Dabao—a leading moisturizer in China acquired as part of the recently completed acquisition of Beijing Dabao Cosmetics Co., Ltd., a personal care products company.

The complete report is available here.

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