L’Oreal Shares Rise 4% After Third-Quarter Sales Beat Expectations
L’Oreal shares rose 4% on Friday, reaching their highest level in more than two years, after third-quarter sales rose 7.7% on an adjusted basis and exceeded expectations. The company cited strong demand for premium products in China and elsewhere.
By Dominique PattonShares in L'Oreal rose 4% on Friday, hitting their highest in more than two years, after the French cosmetics giant reported third-quarter sales well ahead of expectations on strong demand for premium products in China and elsewhere.Sales from July to September rose 7.7% on an ad…