Rayonier (RYN: chart), forest products maker, said that its fourth-quarter profit declined 2% to $55.3 million, or 71 cents per share, compared with a profit of $56.4 million, or 73 cents per share, in the prior year. The company''s profit from operations in the latest three months was 64 cents per share. Revenue climbed to $328.5 million versus $315.9 million in the same period last year.

Johnson & Johnson (JNJ: chart), health care company, said fourth-quarter net income increased to $2.17 billion, or 74 cents per share, compared with $2.1 billion, or 70 cents per share in the year-ago quarter. Sales to customers jumped to $13.68 billion from $12.61 billion a year earlier.

EMC Corp. (EMC: chart), information-management vendor, said that its fourth-quarter earnings increased to $389 million, or 18 cents per share compared with $148 million, or 6 cents per share, in the same period a year ago. Revenue increased by 19% to $3.215 billion in the quarter versus $2.71 billion in the same quarter a year earlier.

United Technologies (UTX: chart), makes air conditioners, elevators and aircraft engines, said that its fourth-quarter earnings increased to $865 million, or 87 cents per share, compared with a year-ago profit of $626 million, or 62 cents per share. The latest quarter includes restructuring costs of $82 million and a boost of 2 cents per share from foreign currency translation while year-ago results reflect a loss of 9 cents per share from a change in accounting principle. Revenue climbed 14% to $12.79 billion versus $11.26 billion in the same period a year earlier.