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Modest Gains for L’Oréal in Q3

Sales rise less than 2% for the quarter.

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By: TOM BRANNA

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Slow and steady. That’s the best way to describe L’Oréal’s third quarter results. Driven by gains in Asia as well as improvement within the luxury goods division, the world’s largest beauty company said sales rose 1.8% in the period to more than 4.94 billion euros or $6.99 billion. “Looking toward the year’s end, we are conscious of the uncertainties in a number of economies. But we are also confident that the worldwide cosmetics market should remain favorable,” said...

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