Tuesday, January 23, 2018

Johnson & Johnson Q4 Results Top Estimates; Sees FY18 Profit Above View

Johnson & Johnson (JNJ) reported a loss for the fourth quarter of 2017, compared to profit last year. It recorded special item charge of about $13.6 billion in the latest-quarter, related to recently enacted tax legislation. Quarterly sales increased 11.5%. Both adjusted earnings per share and quarterly revenues topped analysts' expectations.

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