Feb 13 (Reuters) – Traders called L’Oreal shares to open between 5% and 7% lower on Friday, after the French beauty major’s fourth-quarter sales slightly missed analysts’ forecasts.
The Paris-based owner of Maybelline, whose quarterly revenue came at 11.3 billion euros ($13.4 billion), suffered from a lack of continued rebound in North Asia, the world’s second biggest beauty market, where sales grew less than expected.
($1 = 0.8435 euros)
(Reporting by Mateusz Rabiega in Gdansk, editing by Milla Nissi-Prussak)
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