Nestle Posts Upbeat 2011 Net Profit
Nestle SA (OTC: NSRGY) posted a decline in its net earnings.
Nestle's net profit dropped to 9.49 billion Swiss francs ($10.25 billion), from CHF34.23 billion in 2010, versus analysts' estimates of CHF9.35 billion.
Nestle's sales declined to CHF83.64 billion from CHF93.02 billion. It proposed a dividend of CHF1.95 per share, versus CHF1.85 per share for 2010.
Nestle shares closed at $59.26 yesterday.
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