Adverse currency moves hit Roche first-quarter sales
ZURICH, April 15
ZURICH, April 15 (Reuters) - Adverse currency moves weighed on first-quarter sales at Roche Holding AG, which fell 1 percent, despite a healthy uptake of its new cancer medicines.
The world's largest maker of cancer drugs said first quarter sales were 11.5 billion Swiss francs ($13.08 billion), slightly below the average analyst forecast of 11.89 billion in a Reuters poll.
A weak U.S. dollar, Japanese yen and Latin American currencies took a toll, shaving 6 percentage points off first-quarter sales. Excluding the impact of currencies, sales were up 5 percent. ($1 = 0.8791 Swiss Francs) (Reporting by Caroline Copley)
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