By Helena SmolakL'Oreal shares slumped early trading Friday after the company posted sales and profits below analysts' forecasts for 2023 amid a stagnating beauty market in China. At 0826 GMT shares of L'Oreal traded 6.3% lower at EUR424.60, having reached their one-year high of EUR455.75 on Monday.

Source: Wall Street Journal February 09, 2024 17:26 UTC