beat analysts' expectations for the latest third quarter, despite the negative effects of foreign currency translation.
The company reported earnings for the latest third quarter of $496 million, or 98 cents a share, compared with $436 million, or 83 cents a share, in the prior-year period. Wall Street expected the company to earn 96 cents a share, according to a
First Call/Thomson Financial
survey of 17 analysts.
Revenue rose about 6% to $6.47 billion from $6.13 billion a year ago. The negative impact of foreign currency translation reduced third-quarter reported revenue growth by two percentage points and lowered diluted earnings per share by 2 cents.