U.S. markets open in 5 hours 11 minutes
  • S&P Futures

    4,109.25
    -10.25 (-0.25%)
     
  • Dow Futures

    33,566.00
    -116.00 (-0.34%)
     
  • Nasdaq Futures

    13,813.50
    -16.00 (-0.12%)
     
  • Russell 2000 Futures

    2,229.90
    -9.30 (-0.42%)
     
  • Crude Oil

    59.01
    -0.31 (-0.52%)
     
  • Gold

    1,738.30
    -6.50 (-0.37%)
     
  • Silver

    25.11
    -0.21 (-0.83%)
     
  • EUR/USD

    1.1881
    -0.0024 (-0.20%)
     
  • 10-Yr Bond

    1.6660
    0.0000 (0.00%)
     
  • Vix

    17.42
    +0.47 (+2.77%)
     
  • GBP/USD

    1.3744
    +0.0038 (+0.28%)
     
  • USD/JPY

    109.3980
    -0.2520 (-0.23%)
     
  • BTC-USD

    60,822.44
    +1,294.23 (+2.17%)
     
  • CMC Crypto 200

    1,303.28
    +75.74 (+6.17%)
     
  • FTSE 100

    6,865.15
    -50.60 (-0.73%)
     
  • Nikkei 225

    29,538.73
    -229.33 (-0.77%)
     

Stronger dollar hurts J&J's quarterly sales

Products made by Johnson & Johnson for sale on a store shelf in Westminster, Colorado April 14, 2009. J REUTERS/Rick Wilking

(Reuters) - Johnson & Johnson reported lower-than-expected quarterly sales as a stronger dollar offset higher sales of the Band-Aid maker's new drugs and older treatments.

The company's international sales fell about 7 percent to $9.65 billion in the fourth quarter, accounting for about half of its total sales.

The dollar gained nearly 13 percent against a basket of major currencies in 2014, its strongest performance since 1997.

Revenue in J&J's pharmaceuticals business rose 9.6 percent in the quarter, driven by higher sales of new drugs such as hepatitis C drug Olysio and older treatments such as psoriasis drug Stelara. The business accounts for about 44 percent of the company's total sales.

However, sales in J&J's medical devices business, its second largest, fell 9 percent.

The company's net profit fell about 28 percent to $2.52 billion, or 89 cents per share, including a $1.1 billion charge related to its acquisition of Synthes Inc.

Excluding items, J&J earned $1.27 per share.

Total sales fell 0.6 percent to $18.25 billion.

Analysts on average had expected a profit of $1.26 per share and revenue of $18.55 billion, according to Thomson Reuters I/B/E/S.

J&J forecast a profit of $6.12-$6.27 per share for 2015.

Chief Financial Officer Dominic Caruso warned in October that a strong dollar could hurt the company's 2015 earnings by 15-20 cents per share.

J&J's shares were down 1 percent at $102.45 in premarket trading on Tuesday.

(Reporting by Ransdell Pierson and Vidya L Nathan; Editing by Kirti Pandey)