UPDATE 2-Big loss shows Alcon's turnaround a work in progress [Reuters]
Johnson & Johnson (JNJ)
Last johnson & johnson earnings: 4/14 06:31 am
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Source: Reuters
UPDATE 2-Big loss shows Alcon's turnaround a work in progress - Reuters 3 Min Read * Q2 net loss $390 mln vs profit of $15 mln a year earlier * Results affected by tax and amortisation hits * Shares fall as much as 2.9% (Recasts first paragraph, adds comment from analyst) By John Miller ZURICH, Aug 21 (Reuters) - Alcon posted a big second-quarter loss, showing the Swiss-listed eye care company’s pursuit of a turnaround remains a work in progress following its spin-off from Novartis earlier this year. Alcon reported on Tuesday a net loss of $390 million, or 80 cents per share, for the three months ended June 30, compared with net income of $15 million, or 3 cents per share, in the previous year. Net sales rose 5% in constant currencies to $1.86 billion, in line with the $1.87 billion estimate in a Refinitiv poll. The Geneva-headquartered company booked a $294 million second-quarter tax hit, up from just $9 million in the year-earlier period, after it was forced to re-evaluate deferred
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JNJ
Earnings
- 4/16/24 - Beat
JNJ
Sec Filings
- 4/16/24 - Form 8-K/A
- 4/16/24 - Form 8-K
- 3/27/24 - Form PX14A6G
- JNJ's page on the SEC website