While you were sleeping Meagre earnings outlook

Tue, 21 Jan 2014

By Margreet Dietz Jan. 22 (BusinessDesk) – After a long weekend, Wall Street returned with a sombre mood as the earnings outlook from companies including Johnson & Johnson and Verizon failed to justify current valuations. Shares of Johnson & Johnson dropped, last 2 percent weaker, after its earnings outlook fell short of expectations. The outlook reflects “some level of conservatism—in line with historical guidance—given still seemingly weak though potentially stabilising MedTech utilisation trends,” Danielle Antalffy, an analyst at Boston-...

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