By
Reuters
Reuters
Published
Oct 31, 2011
Oct 31, 2011
Revlon Q3 at breakeven on tax provisions
By
Reuters
Reuters
Published
Oct 31, 2011
Oct 31, 2011
Cosmetics maker Revlon Inc reported a slump in third-quarter income mainly as it set aside more money for taxes.
Jessica Biel for Revlon cosmetics |
Third-quarter income dropped to $0.1 million, or breakeven per share, from $12.5 million, or 24 cents a share last year.
Revlon, which sells its products under the Charlie and Mitchum brands, said revenue for the quarter rose 5.7 pct to $337.2 mln.
The New York-based company set aside a provision for income tax of $22.1 million in the quarter, compared with a benefit of $0.6 million recorded a year ago.
Revlon shares closed at $15.21 on Wednesday on the New York Stock Exchange.
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