Revlon shares rise after narrower-than-expected losses

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Revlon Inc. shares rose 5% in Friday trading after the beauty company reported narrower-than-expected third-quarter losses. Net losses totaled $50.2 million, or 98 cents per share, after a loss of $39.5 million, or 83 cents per share, last year. Sales of $521.1 million were up from $477.1 million last year. The FactSet consensus was for a loss of $1.23 per share and sales of $549.8 million. The Revlon portfolio includes the namesake brand of cosmetics, professional products and more, Elizabeth Arden and a lineup of fragrances. Revlon shares are up 5% for the year to date while the S&P 500 index has gained 25.5% for…

This article was originally published by Marketwatch.com. Read the original article here.

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