Q1 EARNINGS: JnJ bullish in spite of device slump

Johnson & Johnson’s medical device division was again a weak link: revenues from the division fell 11% in its first quarter, to $6.26bn.

Johnson & Johnson’s medical device division was again a weak link: revenues from the division fell 11% in its first quarter, to $6.26bn.

But as in Q4, unfavorable exchange rates did not help matters: on a constant currency basis, device sales were...

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