The size of the upward revision surprised economists and suggests the U.S. economy had some momentum entering the third quarter.
Since J&J introduced it in 1999, Splenda has reached $300 million in annual sales.
The transaction is the medical device maker's largest this year.
Shares closed at $52.67 on Thursday, down 29.75%, wiping out more than $3 billion in market value.
Thirty-eight percent of CFOs identified health care as their biggest concern, followed by increased competition and skilled-labor shortages.
'This high-quality acquisition significantly increases UPS full-truckload scale,' said UPS's chief executive.
Many companies are back to the habit of holding on tightly to their cash reserves. Is a softening in business confidence to blame?
But Rep. Nydia M. Velázquez has introduced legislation to raise the small business loan guaranty limit to $23.5 billion.