A Revenue Miss & Downbeat FY22 Outlook Was Saved By Johnson & Johnson's Pharmaceutical Segment Again

Staying true to form, Johnson & Johnson (JNJ) surpassed EPS expectations once again in Q1 22, extending its win streak to cover more than five years. That operational excellence is helping the company to overcome a small top-line miss and a reduced FY22 outlook. In both instances, the shortfalls come from supply chain constraints in JNJ's Skin, Health, and Beauty product category. Is Johnson & Johnson falling behind?

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