STOCKWATCH: Currencies continue to confound earnings
This article was originally published in Scrip
Executive Summary
It is strange to think that while we work our way through the tail-end of the full-year 2014 earnings season, we are only about a month away from the start of next reporting period. The big issue that emerged at the start of the last earning season – the effects of foreign currency translations – is likely to worsen, particularly for those companies that couldn't bring themselves to give 2015 guidance in their last earnings announcement.