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Net income fell to $2.61 billion, or 84 cents a share, from $2.71 billion, or 82 cents, a year earlier, according to the press release.
Sales fell 8 percent to $18.4 billion for the quarter ended March 31. They would have been up 1 percent without the impact of currency translations. Lower shipments also have blunted sales, according to the article.
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