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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.
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.