Givaudan Shares Slump Over 6% After Cautious Sales Outlook on Analyst Call
Givaudan shares fell sharply after the fragrance maker failed to reaffirm its 5.5% full-year organic sales growth guidance during an analyst call, citing more challenging market conditions.
Insights:
Shares in Givaudan fell sharply on Thursday after traders cited disappointing comments on sales guidance during an analyst call ahead of next month's full-year results. By 1051 GMT, the stock was down more than 6% after earlier rising 0.4%.
