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Provider: Thomson Reuters Stock Report
Provider: Stock Traders Daily
Provider: New Constructs, LLC
Provider: MacroRisk Analytics/EconomicInvestor

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Johnson & Johnson Sees Q1 2013 Charge Guidance

Monday, 25 Feb 2013 07:46am EST 

Johnson & Johnson announced that based on its preliminary assessment of the impact of the Venezuelan government's decision to devalue its currency effective February 13, 2013, that it expects to incur a charge of approximately $100 million to net income in the first quarter of 2013 or approximately a $0.04 negative impact to earnings per share. This charge is related to the remeasurement of the local balance sheet at the date of the devaluation and is not expected to impact earnings per share guidance for fiscal 2013 which was previously announced on January 22, 2013. 

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-0.18 -0.17%
25 Nov 2014