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J&J first-quarter sales rise marginally

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Reuters
Last Updated : Apr 19 2016 | 4:49 PM IST

REUTERS - Johnson & Johnson reported a 0.6 percent rise in first-quarter sales, constrained by the strong dollar and Venezuela's currency devaluation.

The diversified healthcare company's net earnings fell to $4.29 billion, or $1.54 per share in the first quarter, from $4.32 billion, or $1.53 per share, a year earlier.

Sales rose to $17.48 billion from $17.37 billion.

(Reporting by Natalie Grover in Bengaluru; Editing by Saumyadeb Chakrabarty)

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First Published: Apr 19 2016 | 4:32 PM IST

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