Investing.com - Danone reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Danone announced earnings per share of €1.65 on revenue of €6.24B. Analysts polled by Investing.com anticipated EPS of €2.17 on revenue of €5.94B.
Danone shares are up 3% from the beginning of the year, still down 13.60% from its 52 week high of €65.30 set on August 17, 2021. They are outperforming the STOXX 600 which is down 5.91% from the start of the year.
Danone shares gained 3.37% in intra-day trade following the report.
Danone follows other major Consumer Staples sector earnings this month
Danone's report follows an earnings matched by L'Oreal on February 9, who reported EPS of €4.07 on revenue of €9.09B, compared to forecasts EPS of €4.07 on revenue of €8.69B.
Pernod Ricard had matched expectations on February 10 with second quarter EPS of €4.86 on revenue of €3.24B, compared to forecast for EPS of €4.86 on revenue of €3.11B.
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