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BUZZ-Unilever: soars on better-than-expected Q3
October 15, 2015 / 7:28 AM / in 2 years

BUZZ-Unilever: soars on better-than-expected Q3

** Unilever, maker of Knorr soup, Lipton tea and Dove soap, up c.4 pct & top gainer on a positive Stoxx 600 Personal Goods and Household index

** Consumer goods maker reports better-than-expected Q3 sales, helped by soft comparisons in China, a strong summer ice cream season and the timing of sales in Latin America

** Underlying sales up 5.7 pct vs analysts avg expectation of 3.9 pct according to a company-compiled consensus

** Numbers reflect Unilever’s best organic growth and volume growth performance since Q4 2012, Bernstein writes in a note

** One trader says guidance also slightly better; Co expects underlying sales for rest of year to come in toward the upper end of 2 to 4 percent range

** Stock up c.9 pct YTD, underperforming c.14 pct gain in broader index (RM: esha.vaish.thomsonreuters.com@reuters.net)

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