Quality problems at Johnson & Johnson

Revenue of Johnson & Johnson declines, due to a series of product recalls in the third quarter, however, the weak dollar helped the health and cosmetics manufacturing giant to gain profit.

According to preliminary results of the company; revenue was 14.98 billion USD, 1 percent smaller, than in the previous year. Analysts expected 15.19 billion USD.

However, due to the weak dollar, the after-tax profits increased to 3.42 billion USD, compared to the 3.35 billion USD of the previous year – reports tozsdeforum.hu.