Investing.com - Ahold Delhaize reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ahold Delhaize announced earnings per share of €0.59 on revenue of €20.15B. Analysts polled by Investing.com anticipated EPS of €0.5863 on revenue of €19.77B.
Ahold Delhaize shares are down 8% from the beginning of the year and are trading at €27.59 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 3.23% from the start of the year.
Ahold Delhaize shares lost 4.63% in intra-day trade the report.
Ahold Delhaize follows other major Consumer Staples sector earnings this month
Ahold Delhaize's report follows an earnings matched by Unilever on February 10, who reported EPS of €1.24 on revenue of €13.12B, compared to forecasts EPS of €1.24 on revenue of €12.61B.
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