By Aimee Look

L'Oreal shares dropped after the French cosmetics company reported third-quarter sales that fell short of analyst expectations on Wednesday.

Shares fell 5.9% to 374.65 euros in European early morning trading, but were still up 9.6% since the start of the year.

L'Oreal posted sales of 10.33 billion euros ($11.98 billion) for the quarter, growing 4.2% on a like-for-like basis. Analysts had expected quarterly sales at 10.45 billion euros and like-for-like growth of 4.7%, according to consensus estimates.

All of the company's segments, except for professional products, fell short of compiled analyst expectations, RBC analysts said in a note.

"The magnitude of improvement was underwhelming," the RBC analysts said. Improvements in North Asia didn't offset weakness in the Americas, they added.

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

October 22, 2025 03:56 ET (07:56 GMT)

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