Johnson & Johnson Takes A Hit After Mixed Q4 Report

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Johnson & Johnson JNJ shares are trading lower by $2.34 at $111.57 in Tuesday's session.

Investors are exiting the issue after a mixed Q4 report that had a Q4 EPS beat of $0.02 but with a slight miss for revenues. The company lowered FY 2017 EPS to $6.93-$7.08 versus estimates of $7.11.

After a lower open, it managed a brief bounce to $113.30 before continuing its move lower. So far, the ensuing decline has taken the issue to $111.15 and is attempting to rebound. That low coincides with its December 9 low $111.20.

Since making its all-time high in July 2016, the lowest level it has reached was in December at $109.32.

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