L'Oreal Dips, Barclays Up, STMicro Down
On this episode of Stock Movers:- L'Oreal posted disappointing third quarter sales growth as weakness in the US overshadowed signs of improvement in China.- Barclays raised its earnings guidance and announced a £500 million buyback, even after it nearly quadrupled the amount it set aside for UK motor finance compensation.- STMicroelectronics slipped along with European chip-makers after US peer Texas Instruments forecast 4Q sales below estimates, signalling a delay in the sector's rebound.See omnystudio.com/listener for privacy information.
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