Citing the economic uncertainty related to the COVID-19 outbreak, Johnson & Johnson (NYSE:JNJ) CFO Joseph Wolk is highly confident that “we’re going to be 100% precisely wrong” with 2020 earnings guidance that management will provide during its Q1 conference call on Tuesday, April 14, before the open.
He explains that the company will consider what
happened in Q1 and go from there based on projections on the geographic
path of COVID-19.
The company ended 2019 with more than $17B in cash
and equivalents so Mr. Wolk does not expect any short-term changes to
its investment strategy.
https://seekingalpha.com/news/3554647-j-and-j-finance-chief-warns-on-reliability-of-guidance-amid-covidminus-19-outbreak
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