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Johnson & Johnson Lifts Full-Year Outlook as It Tops Quarterly Forecasts

Johnson & Johnson (JNJ) on Tuesday posted second-quarter revenue and earnings that topped forecasts as its pharmaceuticals division continued to expand rapidly.

The figures follow a forecast-busting first quarter, thanks also to strength in its pharmaceuticals business, and prompted the company once again to lift its full-year guidance. Johnson & Johnson shares had edged up 14 cents on Monday to $123.14. The stock has risen 27% in the past year. It was rising 3% in...