Shares in publisher Wolters Kluwer NV fell Wednesday after the company reported fourth quarter earnings showing a decline in sales.
Net profit was euro94 million (US$139 million), up 2.2 percent from euro92 million in the same quarter a year earlier. Sales fell 1 percent to euro937 million (US$1.39 billion).
Shares fell 6 percent to euro18.27 (US$27.08).
Wolters Kluwer, which publishes materials used by accountants, legal and medical professionals, blamed the fall in sales on the weak dollar. It said operating profit, which excludes non-recurring gains and losses, was up 29 percent from a year ago, but higher taxes and a "loss on the sale of a product line in Europe that did not fit strategically" had eroded the bottom line.
