Why Johnson & Johnson Stock Is Down After Earnings Beat Expectations
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Johnson & Johnson stock slipped on Tuesday, even after the company reported first-quarter earnings that surpassed expectations, and boosted its full-year sales forecast. The company said it now expects operational sales of $92 billion, versus a prior forecast of $91.3 billion. J&J also guided for estimated reported sales of $91.4 billion, up from a previous $89.6 billion.
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