Nestle Posts Upbeat Full-Year Earnings

Nestle SA

reported better-than-expected full-year earnings. For the year, Nestle's profit surged 12% to 10.6 billion Swiss francs, versus analysts' estimates of CHF10.5 billion. Its sales climbed 10.2% to CHF92.2 billion, versus expectations of CHF92.11 billion. Nestle shares closed at $70.17 yesterday.