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(Update: Adds insight into falling revenues, prior J&J announcements, and adds stock price.)
Its profit may have dipped because of slower sales this quarter, and currency exchanges didn't help, but Johnson & Johnson(JNJ Quote) still beat analysts' estimates.
On Tuesday, Johnson & Johnson said it earned $3.21 billion, or $1.15 a share, in the quarter on sales of $15.24 billion, which were down 7.4% from the year-earlier period.
The company earned $3.33 billion, or $1.17 a share, in the year-earlier second quarter. The second quarter 2008 total also included a one-time $40 million R&D charge. ...
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