Tag: $L’Oreal

Revenue at world’s biggest beauty company rose 3.4% in third quarter when analysts expected 6%

Shares in L’Oreal rose 5% on Friday after the French cosmetics giant beat expectations with a strong rise in first quarter sales, allaying concerns about a slowdown in the United States.

L’Oreal shares fell more than 7.3% in early deals Friday as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia.

PARIS, Oct 20 (Reuters) – L’Oreal shares fell on Friday to their lowest level since March, after a larger-than-expected hit to the cosmetic giant’s travel retail business in Asia, which also affected its luxury division.