Strong Franc Helps Reduce Nestle's Profit. First-half profits at Nestlé fell by half from the year-ago period, hurt by a strong Swiss franc and comparison with a one-time gain last year, the company said today. By Alison Langley. [
New York Times: Business]
I have read about a dozen stories over the past weeks that cite currency exchange rates as a major influence in a company's earnings. I pay pretty close attention to the earnings cycles and this is the first times I can remember that exchange rates have had such a prominent role.
