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Revlon Reports First Quarter Loss

The company reported a first-quarter loss of $37.4 million,  down from its profit in the same period a year earlier.
Revlon lip products | Source: Courtesy
By
  • Associated Press

NEW YORK, United States — Revlon Inc. on Friday reported a first-quarter loss of $37.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of 71 cents. Losses, adjusted for one-time gains and costs, were 23 cents per share.

The beauty products maker posted revenue of $594.9 million in the period.

Revlon shares have dropped 13 percent since the beginning of the year. The stock has dropped 31 percent in the last 12 months.

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