Johnson & Johnson on Tuesday reported a 2.4 percent drop in fourth-quarter sales, hurt by a strong dollar.
The company's net earnings rose to $3.22 billion, or $1.15 per share, for the quarter ended Dec. 31, from $2.52 billion, or 89 cents per share, a year earlier. J&J posted adjusted earnings of $1.44 a share.
Sales fell to $17.81 billion from $18.25 billion.
Analysts had expected J&J to report adjusted earnings of about $1.42 a share on $17.88 billion in revenue, according to a consensus estimate from Thomson Reuters.
Its stock price was up slightly in premarket trading. (Click here for the latest price.)