Revlon (REV) Tops Q3 EPS by 54c, Revenues Beat

Revlon (NYSE: REV) reported Q3 EPS of $0.14, $0.54 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $655.4 million versus the consensus estimate of $639.6 million.

“We are very pleased with our third quarter 2018 results and believe that they are reflective of the strength of our business strategy and efforts to stabilize our business operations. We are seeing strong growth in our strategic focus areas as we continue to work to build momentum across our businesses. Looking forward with the announcement of our 2018 Optimization Program, we are now re-allocating and re-aligning our resources to build new capabilities in higher-priority growth areas, as well as driving operational efficiencies to reduce our cost base. While this will lead to some headcount reductions, it is essential that we maximize the productivity of our resources across our businesses so that we can fully realize the benefits of our growth strategy in the future," said Debra Perelman, President and CEO of Revlon.

For earnings history and earnings-related data on Revlon (REV) click here.

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