L'Oreal Eases Market Concerns After Sales Increase -- Market Talk

Dow Jones04-19

1124 GMT - L'Oreal's first-quarter sales figures seem strong and relieve the vast majority of investor concerns, UBS analysts write in a research note. The French cosmetics company booked sales of EUR11.24 billion for the first three months, up 8.3% in reported terms compared with the prior-year period. Investors were concerned by a potential slowdown in North America and in the dermocosmetics market, as well as a deterioration in North Asia, UBS says. "These worries were successfully addressed," the analysts say, noting that the company posted growth in North America and a sequential improvement in North Asia. However, the second quarter is likely to be the most challenging one of the year, partly due to a difficult comparison base, the analysts say. Shares are up 4.2% at EUR441.30. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

April 19, 2024 07:24 ET (11:24 GMT)

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The French cosmetics company booked sales of ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LRLCY","symbol_name":"欧莱雅","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428630695","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428630695","pubTimestamp":1713525840,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1124 GMT - L'Oreal's first-quarter sales figures seem strong and relieve the vast majority of investor concerns, UBS analysts write in a research note. 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