Tuesday, April 14, 2020

J&J Q1 Results Top Estimates; Cuts 2020 Outlook Due To COVID-19 Impact

Johnson & Johnson (JNJ) reported that its profit for first-quarter 2020 rose 54.6 percent from last year, while quarterly sales increased 3.3 percent. Both adjusted earnings per share and revenues topped analysts' expectations. It boosted its dividend by 6.3%. It lowered its 2020 guidance to reflect the COVID-19 impact and related investments.

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