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Dividend.com: Fastenal Slows Down

Stock quotes in this article: JNJ , FAST , FNF , GWR  

Johnson & Johnson Shares Flat Following First-Quarter Results

Shares of Johnson & Johnson (JNJ Quote) were basically unchanged in early trading, following the company reporting a first-quarter profit of $3.5 billion, or $1.26 per share, compared to $3.6 billion in 2008's first quarter, or $1.26 a share.

Sales fell 7% to $15 billion, as the company's consumer health products, prescription drugs and medical devices all saw sales declines. The company had said the stronger dollar would reduce 2009 sales by about 4% but now thinks it will be 5%.

Looking ahead, management confirmed its previous forecast for a 2009 profit ranging from $4.45 to $4.55 per share. ...

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