J&J lifts 2016 estimates as dollar weakens

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J&J lifts 2016 estimates as dollar weakens
(Reuters) - Johnson & Johnson beat quarterly earnings forecasts and slightly boosted its 2016 outlook, citing strong prescription drug revenue and a weakening dollar that will help improve sales in overseas markets. In a possibly encouraging signal for other drugmakers that will be reporting results in coming weeks, J&J said the strong dollar took a 3.3 percent bite out of global sales - half the impact in the prior quarter - as the currency's value eased somewhat.http://feeds.feedburner.com/~ff/reuters/topNews?d=yIl2AUoC8zA (http://feeds.reuters.com/~ff/reuters/topNews?a=VD4aJk3JFvo:nZwBjc_jAoY:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/reuters/topNews?i=VD4aJk3JFvo:nZwBjc_jAoY:V_sGLiPBpWU (http://feeds.reuters.com/~ff/reuters/topNews?a=VD4aJk3JFvo:nZwBjc_jAoY:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/reuters/topNews?i=VD4aJk3JFvo:nZwBjc_jAoY:-BTjWOF_DHI (http://feeds.reuters.com/~ff/reuters/topNews?a=VD4aJk3JFvo:nZwBjc_jAoY:-BTjWOF_DHI)
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