date:Apr 19, 2013
d in its underlying growth rate.
Nestle shares, which have risen about 8 percent this year, recovered from an early dip to be up 0.5 percent at 64.60 euros by 1237 GMT, in line with the European food sector index .
They trade at about 17.6 times estimated earnings for the next twelve months, at a premium to Danone at about 17.2 but at a discount to Unilever at over 18 times.
Unilever reports first-quarter results on April 25, and Mondelez International on May 7.
EUROPE SUBDUED
Nestle, which