(Bloomberg) -- Pernod Ricard SA raised its forecast of full-year earnings growth, shrugging off a slowdown of its sales growth in the third quarter.

• The company raised its profit-growth target to about 8 percent from a range of 6 percent to 8 percent.
• Third-quarter organic sales growth was 2.5 percent. Analysts expected 3.1 percent.

Key Insights

Market Reaction

• Pernod Ricard’s shares fell as much as 1.1 percent to 154.65 euros in Paris trading but later were about unchanged. The stock had gained 8.6 percent so far this year.

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