Reckitt: Sales Guidance Cut as North America Disappoints; Fair Value Estimate Lowered by 6%

Reckitt reported third-quarter core like-for-like net revenue growth of 3.3%, below company-compiled consensus of 4.1% and down from 4.2% in the second quarter. It also cut full-year core growth guidance to 3.5%-4.5% from 4%-5%. Shares fell about 4% intraday on Oct. 27.