J&J pushed back by fourth quarter currency headwinds

24 January 2023

Revenues in the fourth quarter came in below expectations for Johnson & Johnson (NYSE: JNJ), with the company reporting sales of $23.7 billion, a decline of 4.4%.

According to the FT consensus forecast, analysts had predicted revenues of $23.89 for the quarter.

The result comes after a period of unfavorable foreign exchange rates for J&J, as well as reduced sales of its single shot COVID-19 vaccine.

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