Johnson & Johnson (NYSE:JNJ) reported quarterly earnings of $2.77 per share which beat the analyst consensus estimate of $2.60 by 6.54 percent. This is a 2.21 percent increase over earnings of $2.71 per share from the same period last year. The company reported quarterly sales of $21.89 billion which beat the analyst consensus estimate of $21.58 billion by 1.47 percent. This is a 2.39 percent increase over sales of $21.38 billion the same period last year.