Reckitt lowers annual guidance as shares fall 6.3% in early trading
The consumer-goods maker reduced its expectations for the year on October 27, with its shares helping to pull the FTSE 100 lower.
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The consumer-goods maker reduced its expectations for the year on October 27, with its shares helping to pull the FTSE 100 lower.
Reckitt Benckiser lowered its annual financial guidance—its forecast for the year’s financial performance—on October 27, The Guardian said. The consumer-goods maker’s shares were down 6.3% in early trading following the reduction.
Reckitt is a member of the FTSE 100 share index, and its share decline also weighed on the index. The 6.3% fall was an intraday move, not a closing result.
The financial measure affected, the previous forecast, the revised range and the reason for the reduction remain unclear.
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