Revlon shares rise after revenue beat

0

Revlon Inc.
REV,
-2.16%
stock rose 4.2% in Thursday premarket trading after the beauty company reported second-quarter revenue that beat expectations. Net losses totaled $64.7 million, or $1.25, after a loss of $112.5 million, or $2.37 per share, last year. Revenue of $497.5 million were up from $347.6 million last year. the FactSet consensus was for a loss of $1.07 and revenue of $469.0 million. Revlon brands include the namesake beauty line, Elizabeth Arden, Cutex nail care products and Creme of Nature hair care items. Revlon stock has slumped 8.4% for the year to date while the S&P 500 index
SPX,
-0.46%
has gained 17.2% for the period.

Source

Leave A Reply