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It also excludes the impact of other import restrictions that are more popular now that tariffs have fallen.
That metric is a crucial gauge of health because it excludes the impact of newly opened and closed locations.
Analysts polled by Thomson Financial had expected 40 cents a share on that basis, which excludes the impact of student loans bundled together as securities.
The publisher said that total turnover from its newspaper and printing operations fell 7.2% to £44.9m, on a like-for-like basis that excludes the impact of acquisitions.
The company's after-tax operating income, which excludes the impact of certain investments and hedging activities, was $3.1 billion, or $1.65 a share.
Johnson & Johnson noted, however, that the analysts estimate excludes the impact of acquiring the cosmetic product and breast implant maker Mentor Corporation, a deal expected to close in January that will dilute earnings by 3 to 5 cents.
Similar(42)
Organic sales, a crucial measure that excludes the impacts of acquisitions, divestitures and currency changes, rose 4 percent in the quarter.
This excludes the impacts of alcohol stockpiling and alcohol sold through outlets not included in the sampling frame.
This excludes the impacts of stockpiling (which are likely to be minor) and alcohol sold through non-included outlets.
Excluding the impact of currencies, revenue rose 5.2percentt.
Excluding the impact of unfavorable foreign currency rates, the company said sales gained 7percentt.
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