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Revlon Narrows Third Quarter Loss to $65 Million

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By: TOM BRANNA

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Revlon, Inc. reported that its loss narrowed in the third quarter even as revenue fell, sending shares down 7.7%. The company’s net loss was $65.4 million, or 18 cents per share, in the three months ended Sept. 30, compared with $91.6 million, or 25 cents per share, in the 2004 period. The year-ago loss reflected $59 million in costs related to Revlon’s refinancing. Sales fell almost 7% to $275.3 million. The company, which is revamping its Almay cosmetics line and launching a new brand for wom...

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