Dollar's plunge becoming lynchpin in 1Q earnings

[kst$]

Most companies are focusing on there over seas profits to carry them through the US economic mess.

Dollar's plunge becoming lynchpin in 1Q earnings

By JOE BEL BRUNO,
AP
Posted: 2008-04-19 02:14:52
NEW YORK (AP) - The dollar's plunge might be preventing Americans from taking that European vacation this summer, but it could be the very thing saving their 401(k)s from buckling.

Some of the nation's biggest corporate powerhouses - across all industries - have used the greenback's retrenchment to shield themselves from slumping profit margins. Declines against world currencies make U.S. products look cheap overseas, and translate into big returns when sales are converted back into dollars.

Take Coca-Cola Inc. for example. Buying a can of Coke cost $1 in the United States, but the equivalent of about $2 in the U.K. - one reason the beverage giant was able to sail past Wall Street profit projections earlier this week

read who making money from over seas