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Nestle Misses Earnings Expectations

  • CNBC, Monday, February 19, 2018 8 AM

Nestle cited "challenging environments" in its North American and Brazilian markets and weaker sales at the end of the year. The Swiss food giant posted net income of 7.2 billion Swiss francs ($7.76 billion), versus 9.652 billion francs expected by analysts in a Reuters poll. Sales were reported at 89.8 billion Swiss francs, a 0.4% increase on 2016, but below expectations in a Reuters poll of 90.097 billion francs.

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