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Johnson & Johnson Reports 2008 Third-Quarter Results:
Date:10/14/2008

p>

(Unaudited; in Millions Except Per

Share Figures) THIRD QUARTER

---------------------------------- -------------

2008 2007

---- ---- Percent

Percent Percent Increase

Amount to Sales Amount to Sales (Decrease)

------------------ ------ -------- ------ -------- ---------

Sales to customers $15,921 100.0 $14,970 100.0 6.4

------------------ ------- ----- ------- ----- ---

Cost of products

sold 4,774 30.0 4,274 28.5 11.7

Selling, marketing

and administrative

expenses 5,195 32.6 4,899 32.7 6.0

Research expense 1,861 11.7 1,834 12.3 1.5

Restructuring - - 745 5.0

Interest

(income)

expense, net 25 0.2 (52) (0.3)

Other (income)

expense, net (224) (1.4) 2 -

-------------- ---- ---- - - ----

Earnings before

provision for

taxes on income 4,290 26.9 3,268 21.8 31.3

Provision for taxes

on income 980 6.1 720 4.8 36.1

------------------- --- --- --- --- ----

Net earnings $3,310 20.8 $2,548 17.0 29.9

------------ ------ ---- ------ ---- ----

Net earnings per

share (Diluted) $1.17 $0.88 33.0

Average shares

outstanding

(Diluted) 2,831.3 2,912.9 '/>"/>

SOURCE Johnson & Johnson
Copyright©2008 PR Newswire.
All rights reserved

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