Big U.S. companies are feeling pain from Europe's downturn – USATODAY.com: ffany's stock (TIF) fell 10% last week after the high-end jeweler cut its annual earnings forecast, noting that holiday sales in Europe rose only 1% over the year-ago period.
Meanwhile, the Census Bureau said last week that the U.S. trade deficit in November widened to a five-month high as exports dipped about 1% from the previous month. Capital Economics blamed a 2.6% drop in sales on the eurozone.
Companies in the Standard and Poor's 500 index derive about 14% of their sales from Europe, though some depend on the continent for as much as 40% of revenue, says S&P senior analyst Howard Silverblatt. Some firms affected:
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