Unilever N.V.UN is a British-Dutch multinational corporation and its shares listed on the NYSE are known as New York Shares. This fast-moving consumer giant commands market-leading positions in savory, dressings, tea, ice cream, deodorants and mass skin care product categories, and its products are sold in more than 180 countries.
Unilever has been delivering weak results since the past few quarters due to continued slowdown in the emerging markets, which account for about two-thirds of the company's total revenues. Though emerging markets offer strong long-term growth prospects, they are generally volatile. Of late, the company has witnessed some improvement in India and more stable conditions in China. However, the company is still struggling with adverse economic conditions in Brazil and Russia. Among the developed markets, the company is witnessing improvement in North America as the impact of the economic recovery is being felt by consumers. However, the company continues to expect sluggishness in Europe. Due to this, investors are eagerly awaiting Unilever's earnings report.
Currently, UN has a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank stocks here. However, the Zacks Rank could definitely change following Unilever's fourth quarter 2016 quarterly report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Revenue: UN's underlying revenues, excluding any impact from acquisitions, disposals and changes in currency, grew 2.2% in fourth quarter 2016, as the company offset volume declines with higher prices.
Key Stats to Note: Emerging markets witnessed growth of 4.6%, while developed markets declined 1.2%.
Stock Price: Shares were in-active in the pre-market trading .
Check back later for our full write up on this UN earnings report later!
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