Movement Alert｜Unilever PLC falls 3.41% in Pre-Market Trading, despite Q3 sales growth topping expectations

Market Focus10-28

On October 28, Unilever PLC fell 3.41% in Pre-Market Trading, trading at $62.83/share, with turnover of $17.62 million.

The main catalyst was the company’s third-quarter update: turnover rose to 13.27 billion euros from 12.44 billion euros a year earlier, while underlying sales growth came in at 5.2%, above the 4.8% analyst consensus.

Unilever PLC said it still expects full-year underlying sales growth within its multiyear 4% to 6% range, and now expects at least 3% underlying volume growth for the full year, with around 5% underlying sales growth in the second half. The company’s stronger-than-expected quarter was supported by robust emerging-market demand and price increases that helped offset higher commodity costs.

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