- Danone (OTCQX:DANOY, OTCQX:GPDNF) closed up 5% in European trading after the company reported Q3 revenue ahead of the consensus estimate of analysts. The ADRs are trading 1.24% higher.
- Revenue rose 4.6% Y/Y to €5.641B ($6.36B) vs. €5.7B consensus. Sales volume was up 0.8%, while prices contributed 3.8 percentage points of growth after factoring out F/X swings. Sales in Danone's baby food unit improved 12% during the quarter.
- The company backs 2015 targets of organic sales growth of 4% to 5% and a slight rise in trading operating margin.
- Danone press release