Beauty sector gains on L’Oréal results

The beauty sector is getting a shot-in-the-arm on Thursday thanks to upbeat results from France’s L’Oréal S.A. (LRLCY, LRLCF) whose Q1 results helped ease concerns about the U.S. beauty industry.

L’Oréal’s (LRLCY, LRLCF) like-for-like sales in Europe and North America increased by more than 12% and jumped 16.2% in Latin America.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.