L’Oréal Sales Miss Estimates as China Demand Remains Weak

L’Oréal SA’s fourth-quarter sales fell short of analysts’ estimates after demand in the US failed to make up for a continued downturn in China.

Sales overall rose 2.5 percent on a comparable basis in the period, the cosmetics company said in a statement. Analysts had expected a 3.8 percent gain. Revenue in North America only grew 1.4 percent, while the region including China continued to experience a drop.

“We expect the shares to react negatively,” when the market opens in Paris on…