By Michael Susin and Joe HoppeReckitt Benckiser backed its revenue growth expectations for the full year despite slightly missing third-quarter market expectations, and kicked off a 1 billion pound ($1.22 billion) share-buyback program. The company reported a quarterly revenue drop of 3.6% on year on a reported basis to GBP3.60 billion. Revenue growth on a like-for-like basis was 3.4%. Reckitt said the share buyback program will begin immediately and run over the next 12 months. Write to Michael Susin at michael.susin@wsj.com and Joe Hoppe at joseph.hoppe@wsj.com(END) Dow Jones NewswiresOctober 25, 2023 02:30 ET (06:30 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal October 25, 2023 07:01 UTC