Johnson & Johnson is set to report third-quarter earnings results on Tuesday morning.
Ahead of the release, the company announced a $US10 billion share buyback program. It said it will finance the repuchases by issuing debt.
Its stock is down 8% year-to-date., and 5% over the past 12 months.
Analysts estimate that J&J will post adjusted earnings per share of $US1.45 on revenues of $US17.45 billion, according to Bloomberg.
More to come …