The consumer staples giant reported a net loss of $68 million, or 3 cents per share, due to a special one-time charge. That's compared to a net income of $5.2 billion, or $1.93 per share, for the same period a year ago. Excluding certain items, adjusted earnings per share were $2.68Here's how J&J results compared with Wall Street expectations based on a survey of analysts by Refinitiv:$24.75 billion, vs. $23.
The company's shares rose nearly 2% in premarket trading. The stock is down more than 6% for the year through Monday's close, putting the company's market value at roughly $430 billion. "If you think about how we started the year and guidance in January, we were responsibly cautious," he said on "Squawk Box." "First-quarter growth was much stronger than even fourth-quarter growth for all three business units, and our positions kind of change to responsibly optimistic at this point. We feel very good about 2023."
So they should stop using shell game bankruptcy strategies to avoid their legal responsibilities to women their product harmed.
Nothing on Liability on talc? Texas 2 step shouldn’t be allowed
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