Higher Global Exposure Means Steeper Earnings Declines For S&P 500 Companies by John Butters, FactSet
“This past quarter, the effects of currency movement were slightly less than expected with a 1% to 2% headwind in most revenue categories including 1% to total revenue and a $0.01 headwind to earnings per share.” –Oracle (June 16)
“In comparing our third quarter results year over year, there are a few items of note. As usual, FX. As compared to a year ago during the quarter, the foreign currencies in the countries where we operate weakened overall versus the U.S. dollar, primarily in Canada, Mexico and Korea. This resulted in our foreign earnings in Q3 when converted into U.S. dollars for reporting purposes...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
