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Stock Market & Financial Investment News

News Breaks
February 25, 2013
07:47 EDTJNJJohnson & Johnson expect to incur $100M charge to net income in Q1
Johnson & Johnson announced that based on its preliminary assessment of the impact of the Venezuelan government's decision to devalue its currency effective Feb. 13, that it expects to incur a charge of approximately $100M to Net Income in the First Quarter of 2013 or approximately a 4c negative impact to earnings per share. This charge is related to the remeasurement of the local balance sheet at the date of the devaluation and is not expected to impact earnings per share guidance for full-year 2013 which was previously announced on January 22.
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