Unilever N.V. UN is a British-Dutch multinational corporation and its shares listed on the NYSE are known as New York Shares. This fast-moving consumer giant commands market-leading positions in savory, dressings, tea, ice cream, deodorants and mass skin care product categories, and its products are sold in more than 180 countries.
However, Unilever has been posting dismal results since 2013 due to continued soft growth in the emerging and developed markets. Of late, the company has witnessed some improvement in India and more stable conditions in China. However, the company is still struggling with adverse economic conditions in Brazil and Russia. Among the developed markets, the company is witnessing improvement in North America as the impact of the economic recovery is being felt by consumers. However, the company continues to expect sluggishness in Europe. Due to this, investors are eagerly awaiting Unilever’s earnings report.
Currently, UN has a Zacks Rank #3 (Hold), but that could definitely change following Unilever’s third quarter 2015 quarterly report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Revenue: UN posted revenues growth of 9.4% (in local currency) in the third quarter of 2015.
Key Stats to Note: Organic sales growth in the quarter went up 5.7%, with emerging markets growing up by 8.4%. For full year, the company expects underlying sales growth towards the upper end of the 2-4% range.
Stock Price: Shares were up almost 5% in the pre-market trading following the release.
Check back later for our full write up on this UN earnings report later!
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