J&J, Goldman stocks cut Dow’s price by 68 points after earnings

Shares of Johnson & Johnson JNJ and Goldman Sachs Group Inc. GS were the biggest drags on the Dow Jones Industrial Average DJIA, even as both companies reported first-quarter profit that topped expectations. J&J’s stock fell $3.92, or 2.4%, as the drug maker recorded a large charge as it settled lawsuits stemming from its talc-containing powders. Goldman’s stock shed $6.37, or 1.9, after the banker and broker’s profit beat, but revenue fell short. The two stocks’ combined $10.

... Shares of Johnson & Johnson JNJ and Goldman Sachs Group Inc. GS were the biggest drags on the Dow Jones Industrial Average DJIA , even as both companies reported first-quarter profit that topped expectations. J&J’s stock fell $3.92, or 2.4%, as the drug maker recorded a large charge as it settled lawsuits stemming from its talc-containing powders. Goldman’s stock shed $6.37, or 1.9, after the banker and broker’s profit beat, but revenue fell short. The two stocks’ combined $10.

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Stocks making the biggest moves premarket: Johnson & Johnson, Goldman Sachs, Sunrun and moreShares of Goldman Sachs shed nearly 4% after missing revenue estimates in its first-quarter earnings released before Tuesday's opening bell. JnJ tanking…probably because Jim Cramer opened his mouth. Whatever stock he mentions, tanks📉📉📉.
Source: CNBC - 🏆 12. / 72 Read more »

Johnson & Johnson beats on earnings and revenue, raises full-year guidanceEARNINGS: J&J reported adjusted earnings and revenue that topped Wall Street’s expectations, and lifted its full-year forecast. CFO Joseph Wolk joins us to discuss. Nothing on Liability on talc? Texas 2 step shouldn’t be allowed So they should stop using shell game bankruptcy strategies to avoid their legal responsibilities to women their product harmed.
Source: CNBC - 🏆 12. / 72 Read more »