Unilever Sales Beat Estimates as Latin America, China Gain
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Unilever, the maker of Magnum ice cream and Hellmann’s mayonnaise, reported second-quarter sales growth that beat estimates on better-than-expected gains in Latin America and a rebound in China.
Underlying revenue increased 2.9 percent, London- and Rotterdam-based Unilever said Thursday, compared with the 2.5 percent median estimate of 20 analysts surveyed by Bloomberg. Growth accelerated slightly from the first quarter, which was boosted by an earlier Easter holiday. The shares rose as much as