Unilever: Weakness in Emerging Markets and Europe May Depress Q4 Results

Unilever does not provide earnings guidance, but consensus revenue estimates for the full year stand at approximately €45 billion, which is a 9% decline from 2013 revenues of €50 billion. Further, the company stated in its first quarter earnings report that it expects non-GAAP operating margin to improve in the second half of 2014, after declining in the first half.