Medical giant Johnson & Johnson (JNJ) beat Wall Street’s Q1 estimates Tuesday and raised its operating guidance, but it said foreign-exchange headwinds are getting even stronger than it expected. On a reported basis, J&J’s sales dropped 4.1% from the year-earlier quarter to $17.4 billion, modestly beating analysts’ consensus of $17.3 billion. Earnings declined 4.3% to $1.56 a share, beating estimates by 2 cents. On a constant-currency basis, sales
IBM (IBM) unveiled a new Watson Health business unit with several big-name partners and two small acquisitions, as it expands the health-care uses for its artificial intelligence computer. The IT giant said Monday that it will work with Apple (AAPL), Johnson & Johnson (JNJ) and Medtronic (MDT) to “help optimize consumer and medical devices for data collection, analysis and feedback.” IBM also announced that it bought Explorys and Phtyel, two
Medical giant Johnson & Johnson (JNJ) announced Friday that it has entered into a collaboration with tech titan Google to develop surgical robotics. The companies’ press release didn’t give many details, but said that J&J’s Ethicon device business and Google (GOOGL) will “bring together capabilities, intellectual property and expertise to create an innovative robotic-assisted surgical platform capable of integrating advanced technologies with the