J&J’s profit slides 35% as coronavirus forces hospitals to forgo elective surgeries

Finance

Johnson & Johnson products on a shelf in a store in New York.

Lucas Jackson | Reuters

Johnson & Johnson’s second-quarter profit slid 35% from the same time last year as the coronavirus pandemic forced hospitals to postpone elective surgeries, hitting the company’s medical device business hard.

This is a developing story. Please check back for updates. 

Articles You May Like

US November durable goods orders -1.1% vs -0.4% expected
House speaker Johnson: We have a unified agreement among Republicans
EUR/USD Price Analysis: Slight end-of-week rebound fails to break key resistance
Gold set for weekly drop; market awaits more US data for economic cues
UK November retail sales +0.2% vs +0.5% m/m expected

Leave a Reply

Your email address will not be published. Required fields are marked *