US Stock Market Move | Q3 sales exceeded expectations, Nestle's stock (ADR) (NSRGY.US) rose over 8%.

On Thursday, Nestle (ADR) (NSRGY.US) surged more than 8%, marking its largest increase since 2008, to $103.60. On the news front, benefiting from price increases in coffee and confectionery products, Nestle delivered a solid performance report with sales up 4.3% in Q3, beating analyst expectations. The company also announced plans to lay off 16,000 employees. Improving real internal growth has become Nestle's top priority as the food giant seeks to revitalize its performance through a massive restructuring effort and restore investor confidence.