L’Oréal Sales Disappoint as US Weakness Outweighs China Pickup

L’Oréal SA posted disappointing sales growth last quarter as weakness in the US outweighed signs of improvement in China.

Sales rose 4.2% in the third quarter on a like-for-like basis, the owner of brands including Maybelline and Lancôme saidBloomberg Terminal Tuesday. Analysts had expected a gain of about 4.9%. North America revenue rose 1.4%, missing estimates.