In a Mixed Quarter, Johnson & Johnson Shows Off Its Greatest Strength
Johnson & Johnson (NYSE: JNJ) is the largest healthcare company in the world, but that hasn't stopped the pharma giant from encountering headwinds. It is currently involved in a slew of legal challenges, including lawsuits by consumers claiming that the company's talcum powder (which allegedly contained asbestos) caused their cancer. In October 2019, Johnson & Johnson lost a lawsuit and was ordered to pay $37.2 million in punitive damages to four plaintiffs.
Given its recent troubles, the company had a chance to ease investors' fears when it released its earnings report on Jan. 22. And although Johnson & Johnson failed to knock it out of the park, the company performed well enough to prevent a sell-off. In particular, it showed off its greatest strength: diversification.
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Source Fool.com
