Ecolab Inc. said it will stop consolidating results from its Venezuelan operations into financial results beginning in the first quarter because of currency issues and deteriorating economic conditions in the country. The pest control and sanitizing products company said charges from the deconsolidation and headwinds from devaluation of the Venezuelan bolivar will hurt 2016 earnings by about 17 cents a share. Analysts surveyed by FactSet expect 2016 earnings of $4.98 a share. Ecolab shares were flat at $112.90 after hours.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News