Johnson & Johnson (JNJ) Is Pulling Back Despite Q3 Report & Guidance Increase


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Johnson & Johnson ( JNJ ) Is Pulling Back Despite Q3 Report & Guidance Increase


(RTTNews.com) - Johnson & Johnson ( JNJ ) reported third quarter adjusted EPS of $1.68 Tuesday morning, which topped the consensus estimate of $1.65. The company also raised its full year EPS forecast to between $6.68 and $6.73. Analysts are expecting EPS of $6.69.

Johnson & Johnson gapped down slightly Tuesday and has been steadily declining since the open. Shares are now down 2.35 at $116.14. The stock has slipped beneath over a month-long trading range and has set a 3 1/2 month low.

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This article appears in: News Headlines
Referenced Symbols: JNJ


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