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Stock impact report

Haleon's first-quarter revenue misses expectations [Reuters]

Haleon plc American Depositary Shares (Each representing two Ordinary Shares) (HLN) 
Company Research Source: Reuters
May 1 (Reuters) - Consumer healthcare company Haleon's first-quarter revenue missed market estimates on Wednesday, due to retailer destocking in the U.S., and a cool down in demand for cold and flu medication after a surge last year. Revenues stood at 2.92 billion pounds ($3.64 billion) for the quarter ended March 31, slightly missing expectations of 2.93 billion pounds, according to a company-compiled consensus. ($1 = 0.8021 pounds) Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up Reporting by Eva Mathews and Chandini Monnappa in Bengaluru; Editing by Rashmi Aich Our Standards: Show less Read more
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