Higher Global Exposure Means Steeper Earnings Declines For S&P 500 Companies
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,...
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