UPDATE 3-J&J takes $13.6 bln charge related to new U.S. tax law [Reuters]
Johnson & Johnson (JNJ)
Last johnson & johnson earnings: 4/14 06:31 am
Check Earnings Report
US:NYSE Investor Relations:
jnj.com
Company Research
Source: Reuters
J&J takes $13.6 billion charge related to new U.S. tax law | Reuters Reuters Staff 3 Min Read (Reuters) - Johnson & Johnson, one of the world’s largest drugmakers, on Tuesday said that it would take a $13.6-billion charge related to the new U.S. tax law and plans to bring back billions of dollars from overseas immediately. U.S. President Donald Trump signed the law late last year, and many large U.S. corporations and drugmakers have said they will take advantage of its new, lower tax rate on repatriated foreign earnings and cash. J&J last publicly reported a year ago that it had $66 billion in undistributed international earnings and on Tuesday said it had $16 billion in cash outside the United States. The company, based in New Brunswick, New Jersey, plans to move $12 billion of that cash immediately, J&J CFO Dominic Caruso said during a conference call with analysts to discuss fourth-quarter earnings. He said much of that will be used to pay down debt and also to fund U.S. operations
Show less
Read more
Impact Snapshot
Event Time:
JNJ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
JNJ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
JNJ alerts
High impacting Johnson & Johnson news events
Weekly update
A roundup of the hottest topics
JNJ
News
- With Lawsuit And Medtech Tailwinds - Johnson & Johnson May Be Back [Seeking Alpha]Seeking Alpha
- Manifest Technologies Emerges From Stealth With Strategic Investors and Prepares for Next Development Stage of AI-Powered Precision Neuroscience [Yahoo! Finance]Yahoo! Finance
- The Road To A Decentralized Work Life [Forbes]Forbes
- Global Bariatric Surgery Market Analysis Report 2024-2033: Addressing Obesity's Impact Extending Beyond Weight Concerns [Yahoo! Finance]Yahoo! Finance
- J&J can contest evidence linking its talc to cancer, judge rules [CNBC]CNBC
JNJ
Earnings
- 1/23/24 - Beat
JNJ
Sec Filings
- 3/27/24 - Form PX14A6G
- 3/13/24 - Form 4
- 3/13/24 - Form 144
- JNJ's page on the SEC website