Johnson & Johnson results beat forecasts; Elan share sale helps

[riky]

Johnson & Johnson results beat forecasts; Elan share sale helps

<p><a href="http://news.yahoo.com/johnson-johnson-results-beat-expectations-drugs-devices-deliver-121403275.html"><img src="http://l.yimg.com/bt/api/res/1.2/sqkZIiPYlxRdEVqdUsf5Dw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-16T134154Z_1_CBRE96F121W00_RTROPTP_2_JOHNSONANDJOHNSON-RESULTS.JPG" width="130" height="86" alt="File of products made by Johnson &amp; Johnson for sale on a store shelf in Westminster" align="left" title="File of products made by Johnson &amp; Johnson for sale on a store shelf in Westminster" border="0" /></a>By Ransdell Pierson (Reuters) - Johnson &amp; Johnson on Tuesday reported higher-than-expected quarterly earnings on strong demand for its prescription drugs and medical devices, but a big gain from the sale of a stake in Irish drugmaker Elan Corp skewed the results. &quot;It looks like it was a great quarter, when it was really only a good quarter,&quot; Edwards Jones analyst Judson Clark said. J&amp;J posted a second-quarter gain of $213 million from the sale of Elan shares it acquired in 2009 as part of a deal to develop a treatment for Alzheimer's disease. ...</p><br clear="all"/>

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