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-0.000622179680021741 -0.00184602762204281 -0.00177765622863388 -0.00116436482975521 0.000957199507726069 6.83713934091298E-05 -0.00116231368795288 -0.00157254204840688
Stock impact report

Johnson & Johnson races to develop coronavirus vaccine [ABC News]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: ABC News
Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, slashed its 2020 sales forecast by billions of dollars and cut its profit expectations by about 15%.It's one of the first major U.S. corporations to report first-quarter earnings and likely a harbinger of things to come as the outbreak disrupts the global economy.The world’s biggest health products maker on Tuesday said it now expects 2020 revenue of $77.5 billion to $80.5 billion, down from its January forecast of $85.4 billion to $86.2 billion. It also forecast adjusted earnings per share of $7.50 to $7.90, down from the January forecast of $9 to $9.15 per share.Despite that, the company increased its quarterly stock dividend, for the 58th consecutive year, from 95 cents to $1.01 per share.Investors seemed reassured, driving shares up $7.24, or 5.2%, to $147.01 in morning trading.J&J faces both the prospect of lower sales as much of the world stays home to avoid infection, and higher costs as the company Show less Read more
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