Today Kyriba released its Q1/2020 "Currency Impact Report." This latest iterationof the quarterly report is the first to reflect the effects of theCovid-19 economic crisis. It reports that NorthAmerican companies' earnings per share fell by $10.77 billion, inaggregate, as a result of currency volatility last quarter. That's35 percent higher than in the fourth quarter of last year but stilllower than in Q3/2019.
FiREapps (a Kyriba company) determines the degree to whichcurrency headwinds are affecting corporate earnings by analyzingthe frequency with which corporate leaders mention foreign exchange(FX) during quarterly earnings calls, along with the size of the FXimpact—if the executives address the size of impact during theirearnings call.
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