Reckitt Lowers Guidance On North America Issues
Reckitt reduced its annual revenue forecast after missing third quarter growth estimates. Manufacturing constraints in North America and weaker emerging market sales weighed on the maker of Lysol.
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RECKITT BENCKISER GROUP PLC lowered its annual revenue growth forecast to a range of 3.5% to 4.5% on Tuesday following manufacturing constraints in North America. The consumer goods maker reported third-quarter like-for-like net revenue growth of 3.3%, missing analyst expectations. Shares slumped 7.1% in early trading on the London Stock Exchange.
