Pursuits
L’Oreal Shares Fall After Sales Growth Misses Estimates
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L’Oreal SA, the world’s largest cosmetics maker, fell in Paris trading after second-quarter sales growth missed estimates amid the weakest performance in North America for two years.
The shares slid as much as 4.2 percent and were down 3.4 percent at 124.45 euros as of 11:53 a.m., the steepest drop in France’s benchmark CAC 40 Index.