L’Oreal Shares Rise 4.8% After Third-Quarter Sales Beat Expectations
L’Oreal said third-quarter sales rose 7.7% on an adjusted like-for-like basis, well ahead of expectations, with strong demand for premium products in China and elsewhere. Shares opened 4.8% higher on Friday.
By Dominique PattonShares in L'Oreal opened 4.8% up on Friday after the French cosmetics group reported third-quarter sales well ahead of expectations, helped by strong demand for premium products in China and elsewhere.Sales from July to September rose 7.7% on an adjusted like-for-like basis to €1…