One factor evident this earnings season is the stronger US Dollar is likely having a negative impact on companies more exposed to global business. Certainly, the economic slowdown in Europe is having an impact as well; however, the recent strength in the US Dollar has been a headwind for multinational companies as well.
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| From The Blog of HORAN Capital Advisors |
Factset recently summarized company revenue and earnings growth for S&P 500 companies that have reported third quarter earnings. As the below chart shows, companies with more than 50% of their business generated outside the U.S. have reported a lower revenue and earnings growth rate.
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| From The Blog of HORAN Capital Advisors |
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