Danone SA ADR

DANOY: OTCM (USA)
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Danone Earnings: Sequential Sales Acceleration Masks China Slowdown; Shares Fairly Valued

Danone's organic sales growth recovered to 4.2% in the second quarter, outpacing the company-compiled consensus—though the latter had expected a higher volume contribution than the 1.9% Danone delivered. The market reacted negatively, with shares down 3% at the market open on July 29.

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