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Revlon Posts Loss In Third Quarter

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By: TOM BRANNA

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Revlon Inc. reported a $22.1 million third quarter loss, hurt by unfavorable foreign exchange, higher marketing costs and a weak U.S. economy that cut into sales of fragrances and deodorants, according to executives. The company also warned that it may not meet one of the financial benchmarks in the fourth quarter required in its covenant with its creditors. The maker of Revlon, Almay and Ultima cosmetics posted a net loss of $22.1 million, or $0.42 a share in the quarter, compared with a los...

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