Finanzas: Nestle cuts FY outlook as 9-month sales disappoint

 

Nestle’s (OTCPK:NSRGF) 9-month sales inched up 1% to 65.51B Swiss francs ($66.19B) but missed estimates of 66B francs as the food giant continued to suffer from deflation and low prices for raw materials.

Organic sales rose 3.5% but came in below forecasts of +3.7%.

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LEA TAMBIÉN: Finanzas: Yahoo aumenta su beneficio neto del tercer trimestre

The company cut its FY outlook for organic sales growth to 3.5% from a prior forecast of 4.2%.

Shares were -0.8% in Zurich. PR

Fuente: Seeking Alpha


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