Tuesday, June 16, 2015

Currency Losses Hit Record

Companies in North America lost a record $28.94 billion in the first quarter of 2015 due to currency fluctuations. The loss was an increase of 55.1 percent from the previous quarter. Of the 820 North American companies analyzed, 279 reported currency losses, with the euro the most commonly cited currency. On average, currency losses reduced EPS by 8 cents.