Edition:
United States

Jaslein Mahil

Avon revenue falls short on LatAm hit, dip in sales reps, shares slump

Feb 14 2019

Avon Products Inc's quarterly revenue missed analysts' estimates on Thursday, hurt by a fall in the number of its sales representatives and a dip in demand for products in Latin American markets, sending its shares down as much as 19 percent.

Coty rebounds, sees profit in second half; shares surge

Feb 08 2019

Cosmetics and perfume maker Coty Inc said on Friday it expected to post a profit in the second half of fiscal 2019 as it reported holiday-quarter revenue and adjusted earnings that beat Wall Street estimates, sending its shares up 29 percent.

Estée Lauder raises full-year forecast on strength in skincare, China

Feb 05 2019

Estée Lauder Cos Inc raised its annual profit forecast after posting quarterly results that topped estimates on Tuesday driven by strong growth in China and higher demand for luxury skincare, sending shares up 15.3 percent to a seven-month high.

Kohl's profit forecast misses estimates, shares slip

Nov 20 2018

Kohl's Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher discounts during the holiday season.

Cosmetics giant Coty replaces CEO, chairman

Nov 12 2018

Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant rattled investors by warning that fiscal-year performance could be hurt by supply chain issues.

Coty shares plunge 22 percent as supply-chain problems mount

Nov 07 2018

Coty Inc shares slumped 22 percent on Wednesday as the CoverGirl cosmetics maker faced unprecedented supply chain disruptions in the United States and Europe that led to a steeper-than-expected drop in its first quarter sales.

Estée Lauder sales beat as China demand booms, shares rise 12 percent

Oct 31 2018

Estée Lauder Cos Inc joined rival L'Oreal SA in dismissing fears of a slowdown in China on Wednesday as its quarterly results beat Wall Street estimates on booming demand for cosmetics and high-end skincare products.

Trucker strike in Brazil hurts Coty sales, forecast falls short

Aug 21 2018

Coty Inc fell short of quarterly sales forecasts for the first time in six quarters on Tuesday due to a 10-day long trucker strike in Brazil that disrupted supplies to retailers in May and June.

Clinique, La Mer skincare boosts Estee quarterly results

Aug 20 2018

Estee Lauder Cos Inc topped quarterly profit and sales estimates on Monday as customers bought more of its high-margin Clinique and La Mer skincare products at duty free stores, online and beauty-focused retailers.

Cosmetics maker Avon's shares sink after underwhelming results

May 03 2018

Avon Products Inc's quarterly results disappointed Wall Street, as the number of its door-to-door salespeople contributing to revenue fell at the worst rate in at least three years, driving the cosmetics maker's shares lower on Thursday.

World News

Venezuela aid convoy moves to Colombia border, troops fire tear gas

Venezuelan opposition leader Juan Guaido gave a personal send off to an aid caravan from the Colombian city of Cucuta toward the border between the two countries on Saturday, pledging to bring food and medicine to a hungry population despite President Nicolas Maduro's resistance.