REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCompanies Haleon Plc FollowGSK plc FollowNov 2 (Reuters) - Haleon (HLN.L) missed market estimates for third-quarter revenue on Thursday, as the world's largest consumer healthcare firm grappled with weak demand for its painkillers, digestive health and vitamin supplements in North America.
For the three months ended Sept. 30, Haleon reported a 5% organic increase in revenue to 2.79 billion pounds ($3.40 billion), but it came slightly below analysts' expectations of 2.83 billion pounds, according to a company-compiled consensus.
The company said overall volumes for the quarter declined by 1.6%, while North America revenues fell 7.5% on a reported basis.
Haleon, which was carved out of British drugmaker GSK (GSK.L) last year, has been raising prices to offset high costs.
($1 = 0.8215 pounds)Reporting by Eva Mathews in Bengaluru; Editing by Rashmi Aich and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons:
Brendan McDermid, Haleon, Eva Mathews, Rashmi Aich, Gerry Doyle
Organizations:
New York Stock Exchange, REUTERS, GSK, Consumer, Thomson
Locations:
New York City, U.S, North America, British, Bengaluru