Investing.com - L'Oreal reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
L'Oreal announced earnings per share of €4.3 on revenue of €7.58B. Analysts polled by Investing.com anticipated EPS of €4.16 on revenue of €7.32B.
L'Oreal shares are up 23% from the beginning of the year, still down 2.79% from its 52 week high of €395.95 set on June 18. They are outperforming the STOXX 600 which is up 16.24% from the start of the year.
L'Oreal follows other major Consumer Staples sector earnings this month
L'Oreal's report follows an earnings missed by Danone on Thursday, who reported EPS of €1.6 on revenue of €6.17B, compared to forecasts EPS of €1.98 on revenue of €6B.
Carrefour had missed expectations on Wednesday with second quarter EPS of €0.34 on revenue of €19.69B, compared to forecast for EPS of €0.36 on revenue of €19.73B.
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