L'Oreal shares down 7% on lower-than-expected sales, slowdown in Asia
LRLCYL'Oreal(LRLCY) CNBC·2024-02-09 17:23

LONDON — L'Oreal shares fell more than 7.3% in early deals Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia. Shares in the stock had recovered slightly to trade down 7% by 8:20 a.m. London time. The world's largest beauty brand on Thursday reported fourth-quarter sales below estimates, rising 2.8% to 10.6 billion euros. Barclays analysts had anticipated a figure near 10.9 billion euros, according to Reuters. The company also ...