Saputo Inc

SAP: XTSE (CAN)
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Saputo Earnings: Fiscal Third-Quarter Revenue Curdles; Shares Overvalued

Saputo's third-quarter revenue declined 2.1%, driven by lower US dairy commodity prices, partially offset by higher sales volumes across all sectors and higher selling prices in Canada and international markets outside the US. Adjusted operating margin rose 180 basis points to 6.9%.

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