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NEW YORK (AP) -- Cosmetics-maker Revlon Inc. reports earnings for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Revlon, which is controlled by financier Ron Perelman, makes cosmetics, skin care, personal care and fragrance products under brand names including Revlon, Almay, Ultima, Charlie, Flex and Mitchum. New York-based Revlon initiated a restructuring program last year under new chief David Kennedy, who became the company's president and chief executive last September, after a series of missteps, including launching Vital Radiance, a cosmetics line aimed at older women, that was later canceled. BY THE NUMBERS: Analysts polled by Thomson Financial expect a loss of 8 cents per share. In August the company posted a 2 cents per share second-quarter loss, better than Wall Street expectations of a 7 cents per share loss. ANALYST TAKE: BMO Capital Markets analyst Connie Maneaty initiated coverage on Revlon in August with a "Market Perform" or "Hold" rating on the stock. "An investment in Revlon is essentially a bet that the company will survive both its debt-laden balance sheet and the intense competition in mass market cosmetics," Meaneaty wrote at the time. WHAT'S AHEAD: Kennedy's restructuring strategy involves focusing on the core Revlon brand. The company plans new product introductions for Revlon and Almay in 2008. STOCK PERFORMANCE: Shares fell 16 percent during the third quarter and fell 10 percent during the first three quarters of the year.
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