Danone Revenue Beats Analysts’ Estimates on Water, Baby Food
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Danone, the world’s biggest yogurt maker, reported first-quarter revenue growth that beat analysts’ estimates as it sold more bottled water in Indonesia and China and baby food in Asia and the Middle East.
Like-for-like sales, which exclude divestments and currency changes, increased 6.9 percent, the Paris-based company said today in a statement. The average of six analysts’ estimates compiled by Bloomberg was 6.5 percent. Total revenue rose to