FiREapps

Wall St. earnings estimates may not foretell currency impact

Wall street analysts may be inadequately accounting for the dollar’s sharp rise in the first quarter, setting up a scenario in which some multinationals may miss already low consensus estimates - and their shares sell off as a result.

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Currency swings cost U.S. corporates $18.66 billion in fourth quarter: study

Foreign exchange swings cost North American corporates $18.66 billion in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps.

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