L’Oréal’s third-quarter 2014 sales lower than expected

L’Oréal reported lower-than-expected growth in the third quarter of 2014, with like-for-like sales up 2% to €5.39bn. Analysts expected sales to grow by 3.8% for the period. For first nine months of the year, sales fell 0.4% (+3.3% like-for-like) to...