J&J profit falls 10 percent despite higher sales
Johnson & Johnson announces drop in profit for the first quarter as higher costs outweigh an increase in sales
Found 1 month ago on channel CBS
J&J tops estimates on strong prescription drug sales
Johnson & Johnson beat Wall Street's quarterly profit estimates on sharply lower taxes, strong sales of prescription drugs and a revival of over-the-counter medicines that had been recalled over quality control problems.
Found 1 month ago on channel Reuters
J&J's Profit Slips on Deal Costs
Johnson & Johnson's first-quarter profit fell 11% on litigation expenses, impacts related to its Synthes acquisition and other items, though the deal also helped boost health-care giant's sales.
J&J Q1 profit falls 10 pct despite higher sales
NEW BRUNSWICK, N.J. -- Johnson & Johnson says its first-quarter profit fell by just over 10 percent as increased sales were offset by higher costs for production, marketing and administration....
Attention JC Penney Shoppers, Look Out for the Return of ‘Sales Galore’
After months of abysmal sales tallies, the Ron Johnson era is over at JC Penney. Now that Johnson’s “fair and square” no-coupons pricing policies have proved to be a failure, the department store will have to try something else to win back customers and stop the bleeding. But what? Mike Ullman, who was replaced as CEO when Johnson took over at JC Penney in 2011, and who began serving again as top executive when Johnson was pushed out, told the Wall Street Journal that he wasn’t planning on reverting to the old business model. “I wouldn’t recommend that we go back to the way J.C. Penney was when I left,” he said. “Things change.” And yet, in some ways the department store is clearly trying to resemble the JC Penney of old. Management has already announced that newspaper ads will feature coupons once again. Johnson seemed to find coupon usage distasteful and silly, likening it to a drug that consumers needed to be weaned off. A little over a year after JC Penney went “drug-free,” ...