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Johnson & Johnson's Fourth Quarter Sales Got Whacked By Currencies
2015-01-20 19:10:28| Food - Topix.net
"International sales decreased 6.7%, reflecting operational growth of 1.2% and a negative currency impact of 7.9%," the company said in its fourth quarter earnings statement. US companies that earn revenues in foreign currencies are vulnerable to losses when the value of those currencies drop against the dollar.
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Category:Food and Related Products