Reckitt Benckiser third-quarter sales growth misses estimates

Reckitt Benckiser third-quarter sales growth misses estimates
 

Consumer goods maker Reckitt Benckiser Group reported a bigger than expected slowdown in third-quarter sales growth on Wednesday, hurt by the continued loss of business in South Korea due to a scandal over humidifier sanitisers.
The maker of Durex condoms and Mucinex cold medicine said like-for-like sales rose 2 percent in the quarter.
That compares with analysts' average estimate of 2.8 percent, according to a company-compiled consensus, and growth of 4 percent in the second quarter.
On a reported basis, the British company said sales rose 17 percent to 2.6 billion pounds, as the weak... read more

 
19 October 2016 in Business, Views: 36
Source: Reuters
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