Today's Market: Earnings, The Good, The Bad And The Ugly

Summary

• Highlight currency markets and discuss in general terms the corporate earnings which were reported since yesterday's close.
• Discuss currency effects on earnings and sales, as well as how it is forcing companies to adjust forward guidance.
• Run through earnings results with the highlights.

While many focused on falling energy prices as a potential tailwind for earnings moving forward, it seems that the markets have run into much stronger headwinds that many were not counting on developing just yet. Some of the largest members of Corporate America hit investors with unexpected news over the past 18 hours or so and used this quarter's poor results to guide lower for the year.
The strong US dollar is now having an impact on financial results, with companies who derive the majority of their business from overseas markets feeling the most pain. With the large number of companies blaming currency rates for their issues, expect the trend to continue as everyone looks to lower their numbers and adjust expectations moving forward.
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