1439 GMT - Diageo's third-quarter results sent a positive signal to the market after several challenging quarters, AlphaValue analyst Filippo Ercole Piva writes in a research note. Like other competitors, the U.K. distiller has been grappling with a slowdown in alcohol consumption, as well as a potential hit from U.S. tariffs. For its fiscal third quarter through March the group reported sales of $4.38 billion, up both in reported and organic terms. The company exceeded expectations, as consensus estimates had guided for an organic sales decline, the analyst says. Shares are up 0.5%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 20, 2025 10:39 ET (14:39 GMT)
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