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)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。