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Alexander Grano
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I am a intermediate investor with 3 years of trading experience with both Stocks and Mutual Funds. I primarily focus on long term investments that have strong potential to grow overtime.
  • JNJ Earnings Exceed Predictions. Revenue Disappoints 0 comments
    Jul 22, 2012 6:35 PM | about stocks: JNJ

    This morning during the shareholder conference call Johnson & Johnson (NYSE:JNJ) reported lower-than-expected quarterly sales on Tuesday during its Shareholder conference call and it also slashed its full-year 2012 profit forecast, citing negative foreign-exchange factors, but quarterly earnings narrowly beat Wall Street predictions.


    Johnson & Johnson
    AP

    J&J [JNJ 68.0882 -0.3618 (-0.53%) ] stated during the conference call that it earned a total of $1.41 billion, or 50 cents per share, in the second quarter. That compared with $2.78 billion, or $1 per share, in the year-earlier period, when the diversified healthcare company took a big charge for restructuring its Cordis heart-device unit.

    Quarterly sales totaled up to $16.48 billion, falling short of analyst expectations of $16.69 billion.

    Excluding a number of big charges, J&J earned a total of $1.30 per share in the most recent period. Analysts, on average, were expecting earnings to be close to $1.29 per share, according to Thomson Reuters.

    Overall, the outlook for JNJ is good for the coming quarter with a couple new products on the horizon.

    Disclosure: I am long JNJ.

    Stocks: JNJ
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StockTalks

  • Not buying COST. To much risk if the sales numbers aren't strong
    Jul 19, 2012
  • Johnson and Johnson eps is slightly lower, however i would still consider this stock a good longterm holding. I am rating it Strong Buy
    Jul 17, 2012
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