Owen Fitzpatrick

Type: Person

Name: Owen Fitzpatrick

First reported Apr 26 2013 - Updated Apr 26 2013 - 1 reports

U.S. Dollar's Strength Deals a Blow to Sales

First-quarter earnings of U.S. companies are revealing a notable gap between sales and profits, leading some to point their fingers at the strength of the U.S. dollar as the culprit.This earnings season, 56% of Standard & Poor's 500 companies reporting ... [Published Capital.gr - Apr 26 2013]

Entities: 3M Company, Tupperware Brands Corp, Dollar Stronger

Quotes

As a result, many market watchers are looking past quarterly moves in currency and focusing on growth. "i don't think investors are going to ding a company" for a currency miss, said Owen Fitzpatrick, chief equities strategist with Deutsche Bank Asset & Wealth Management, which manages roughly $1...

U.S. Dollar's Strength Deals a Blow to Sales [Published Capital.gr - Apr 26 2013]