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Johnson & Johnson's lowered guidance is a result of strong dollar - CFO

Jul. 19, 2022 8:06 AM ETJohnson & Johnson (JNJ)By: Brian Stewart, SA News Editor4 Comments

Johnson & Johnson Medical Products company in Markham, Ontario

JHVEPhoto/iStock Editorial via Getty Images

Johnson & Johnson CFO Joseph Wolk said Tuesday that the lowered guidance issued along with its Street-beating Q2 earnings came about because of a strong dollar, with unfavorable foreign exchange rates cutting into the health

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Comments (4)

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"Strengtening dollar" is an oxymoron. Its limping ahead of other garbage currencies. Big difference. Its like winning the superbowl....in the Canadian Football league.
WD216 profile picture
@dandroidz So the Euro, Canadian Dollar, Pound, Yen are garbage currencies? Tell me who's not garbage.
@WD216 Theyre all garbage backed by nothing but future sweat equity [taxation potential] of their constituents. Debt, debt, debt, paper fiat.
@WD216 well my euro's are garbage. can't even buy russian gas with it.
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