Unilever Reports Flat First-Quarter Sales, Suspends 2020 Guidance
Unilever (NYSE: UN) reported first-quarter earnings before the market opened on Thursday. Sales for the period were roughly flat year over year as growth for U.S. sales were offset by weakened performance in emerging markets.
Unilever's sales for the first quarter came in just short of the average analyst target, with sales climbing 0.2% year over year to hit 12.4 billion euros. However, management suspended its guidance for the full-year period, and the company's stock has dipped following the earnings release and guidance cancellation.
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Source Fool.com
