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More US Firms Warn of Currency Impact on Earnings

EQUITIES

The list of those warning on currency impacts during this Q3 earnings season is growing day-by-day. P&G and Netflix both flagging USD impact since yesterday's close:

  • P&G: Sees EPS at low-end of guidance due to FX impacts
  • J&J: Sees FX headwinds for EPS of -$0.40 to -$0.45
  • Netflix: USD strength since January hurt revenue by about $1bln
  • Fastenal: FX negatively impacted sales in Q3 by around 60bps
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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