26.01.2016 - Financial results of Johnson & Johnson suffered in connection with the strengthening of the dollar
Johnson & Johnson company reported for the 4th quarter of 2015. According to report the sales for the period fell by 2.4% compared to the same period of 2014, to 17.8 billion US dollars. The reason for the decline was the weak results from abroad, where sales were down 11.7%, against the background of foreign exchange factors. On the other hand, sales in the United States increased by 8.0%. During 2015 sales in the world totaled 70.1 billion dollars. Net profit for the 4th quarter was 3.2 billion dollars. Given the strong financial performance, which was negatively impacted currency fluctuations, we expect the growth of the company's shares by 18-20% per year.