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Strong dollar hits P&G, J&J and Dupont; Apple earnings tonight

Yahoo Finance

Here are some of the stocks the Yahoo Finance team will be watching for you today. It's a big day for earnings from Dow components...and the key phrase is--  the strong dollar.

Procter & Gamble (PG)  The consumer products giant beating second quarter earnings estimates...but revenue came up short. P&G blames the strong dollar for reducing sales by 9% from the same period last year.  And it also took a hit from the deconsolidation of its Venezuelan operations and some brand divestitures.

Johnson and Johnson (JNJ) The story the same at the health care products and pharmaceutical firm,  which topped forecasts on the bottom line but missed on the top line. J&J says the currency issues pulled down its sales by 2.4% from last year...even though domestic sales jumped 8%.

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Dupont (DD) Hit repeat. The global sciences company reporting fourth quarter profit topping analysts estimates...while revenue came in light.  Dupont says currency issues knocked an additional 8% off its sales in the period.  In addition, the company is warning difficult global economic conditions in agriculture and slower growth in emerging markets are expected to hurt sales growth for the full year.

Apple (AAPL) The world's biggest company by market value is reporting its fiscal first quarter results after the closing bell today. And of course, the big focus will be on how many iPhones the company sold in the quarter....as reports have been circulating that demand is slowing.  Analysts are looking for iPhone sales of at least 75 million in the holiday period.