Acquisition Bolstered Quarterly Profit at Johnson & Johnson
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Johnson & Johnson posted a 9 percent increase in second-quarter profit yesterday, as the acquisition of Pfizerâs consumer health products line offset a continuing decline in sales of its stents and a top drug.
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Quarterly profit for the period rose to $2.85 billion as the investment bank realized gains from takeover advice and the sale of its holdings in an energy company.
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Coca-Cola Co , the world's largest maker of soft drinks, reported higher-than-expected quarterly profit on Wednesday, helped by higher sales, acquisitions and foreign exchange rates.
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Johnson Controls Inc. JCI.N, said on  Tuesday that quarterly earnings rose 24 percent on growth in  both its automotive interiors and building controls business.
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Merger advisory firm Lazard Ltd  on Wednesday said its fourth-quarter earnings rose 43 percent, beating estimates, on increased merger advisory fees.
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The Internet media company's quarterly profit was boosted by stronger online advertising and its acquisition of Overture Services.
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The clothing retailer J. Crew Group reported a profit in the fourth quarter yesterday, in contrast to a loss a year ago, as sales rose.
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Construction equipment maker JLG  Industries Inc.  on Monday reported better-than-expected  quarterly profit, helped by the strength of the commercial  construction sector.
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Sony Corp  swung to a quarterly operating profit as robust sales of digital cameras and camcorders helped offset videogame losses, and it raised its annual outlook that exceeds market expectations.
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Xerox Corp , the world's biggest supplier of office printers, copiers and related services, on Friday posted better-than-expected quarterly earnings, boosted by solid gains in equipment sales.
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AT&T Inc.  on Tuesday posted  higher quarterly profit, bolstered by strong growth in wireless  and high-speed Internet services.
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Profits got a boost despite sluggish sales from the challenging environment.
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U.S. blue chips rose  on Thursday,  boosted by Johnson & Johnson JNJ.N following its move to buy  Guidant Corp. GDT.N, but market gains were limited after  Goldman Sachs posted disappointing revenues.
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CME Group Inc.  said on Tuesday  that quarterly profit rose as the company focused on completing  a merger between the two largest U.S. futures exchanges.
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Johnson Controls Inc  said on Friday quarterly earnings jumped 45 percent, better than expected, on strength in its building controls and automotive interiors businesses.
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Johnson &amp; Johnson  on Tuesday  said its second-quarter profit rose on higher sales of its  medical devices and prescription medicines.
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Diversified manufacturer Johnson Controls Inc  said on Friday that quarterly earnings jumped 45 percent on strength in its building controls and automotive interiors businesses.