Johnson & Johnson posts Q3 profit drop

Johnson & Johnson, the American company, achieved a significant decrease of 96% in its third-quarter profits due to a one-time charge related to a lawsuit concerning talcum powder products. Despite this, sales rose to $25.4 billion, a 5.9% increase. Nonetheless, the company has raised its full-year revenue forecast to between $101 billion and $101.4 billion, expecting sales growth in both the US and international markets. The sharp decline in profits is mainly attributed to legal expenses associated with the talcum powder products.

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