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Nestle reports stronger than expected 2009 earnings


The world’s biggest food company posted stronger than expected 2009 earnings

The Switzerland-based food company, Nestle, today announced full year fiscal 2009 earnings, beating Wall Street expectations.

Aggregate sales in 2009 were 107.62-billion francs, down 2-percent YoY. Nestle’s organic business missed internal sales growth forecasts for the year, growing 4.1-percent, compared to 5-pecent expected growth.

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