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PARIS—Danone, Europe’s largest yogurt maker, reported third-quarter revenue that slightly missed analysts’ estimates as regulatory changes in China slowed its sales of baby food.
Sales overall fell 1.8% to €5.54 billion ($6.10 billion) in the three months to Sept. 30, the Paris-based company said Tuesday. Comparable sales, which strip out the effects of fluctuating exchange rates, rose 2.1%, slightly below analysts’ expectations of…

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