L'Oreal Slows Down on Soft Beauty Market, China Challenges -- Market Talk

Dow Jones

2024/10/23

0930 GMT - L'Oreal's momentum seems to be rapidly cooling, Jefferies analysts write in a note. The French beauty giant posted a weaker-than-expected performance for the third quarter at a time when peers also face slowing growth. The company noted a deterioration in the Chinese market, once a key growth engine. The market is nervous about growth sustainability and the sector's future of China, the analysts say. Shares are down 3.3% at 355.15 euros. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

October 23, 2024 05:30 ET (09:30 GMT)

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(andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 23, 2024 05:30 ET (09:30 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4183","symbol_name":"个人用品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477037773","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477037773","pubTimestamp":1729675800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0930 GMT - L'Oreal's momentum seems to be rapidly cooling, Jefferies analysts write in a note. 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The market is nervous about growth sustainability and the sector's future of China, the analysts say. Shares are down 3.3% at 355.15 euros. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 23, 2024 05:30 ET (09:30 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}