Investing.com - L'Oreal reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
L'Oreal announced earnings per share of €3.09 on revenue of €7.88B. Analysts polled by Investing.com anticipated EPS of €3.71 on revenue of €7.71B.
L'Oreal shares are up 15% from the beginning of the year and are trading at €309.00 , down-from-52-week-high.They are outperforming the S&P Global 100 which is up 4.16% from the start of the year.
L'Oreal follows other major Consumer/Non-Cyclical sector earnings this month
L'Oreal's report follows an earnings missed by Pernod Ricard on Thursday, who reported EPS of €3.69 on revenue of €2.75B, compared to forecasts EPS of €4.42 on revenue of €2.64B.
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