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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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