L'Oreal touches 28-month highs on 'superior execution' in Q3
BUZZ-L'Oreal touches 28-month highs on 'superior execution' in Q3 ** Shares in L'Oreal OR.PA rise 3.5%, hitting their highest since June 2024, after the company's Q3 sales came-in ahead of expectations
** The French cosmetics giant reports Q3 sales up 7.7% to €11.56 billion ($12.96 billion), growth well ahead of analyst expectations of 5.4%
** Jefferies flags strong performances in North Asia and Europe standing out, with North Asia posting LFL growth of 7.8% (vs consensus of 3.8%), and Europe delivering 8.9% (vs consensus of 4.9%)
** "Q3's +7.7% growth reinforces our view that it can sustainably deliver higher growth for longer," says Barclays
** The broker raises its FY 2027 LFL growth estimate to 6% saying "superior execution deserves a superior valuation"
** The stock is top performer in France CAC40 index .FCHI
($1 = 0.8921 euros)
(Reporting by Clement Martinot)