Investing.com - Danone reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Danone announced earnings per share of €1.44 on revenue of €5.63B. Analysts polled by Investing.com anticipated EPS of €2.02 on revenue of €5.73B.
Danone shares are up 5% from the beginning of the year, still down 21.08% from its 52 week high of €72.00 set on February 20, 2020. They are outperforming the CAC 40 which is up 4% from the start of the year.
Danone follows other major Consumer/Non-Cyclical sector earnings this month
Danone's report follows an earnings missed by L'Oreal on February 11, who reported EPS of €3.09 on revenue of €7.88B, compared to forecasts EPS of €3.71 on revenue of €7.72B.
Pernod Ricard had missed expectations on February 11 with second quarter EPS of €3.69 on revenue of €2.75B, compared to forecast for EPS of €4.42 on revenue of €2.65B.
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