Johnson & Johnson Q3 profits drop
Johnson & Johnson reported a sharp 96% decline in third-quarter profits, amounting to $210 million, due to an extraordinary expense related to a legal case involving talc powder products. Despite this, sales increased by 5.9% to reach $25.4 billion. The company's profits in the first quarter grew by 240%, and it raised its full-year revenue forecast, expecting sales between $101 billion and $101.4 billion, with U.S. sales up by 9.1%. These results reflect the impact of legal challenges on the company's profits, despite sales growth.
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