Johnson & Johnson surpasses expectations with strong Q1 performance and raised outlook.
TL;DR Summary
Johnson & Johnson's Q1 revenue rose 5.6%, driven by demand for its consumer-health business, pharmaceutical products, and contact lenses. The company raised its full-year sales and earnings outlook. However, Q1 earnings were impacted by a $6.9 billion charge related to resolving talc lawsuits. Johnson & Johnson is spinning off its consumer-health business into a separate company.
Topics:business#business#consumer-health-business#johnson-and-johnson#pharmaceutical-products#q1-earnings#talc-lawsuits
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