Sunday, April 11

Cosmetics company Revlon plunges 18% after data show sales decline

Revlon shares plunged more than 18 percent Tuesday after new data showed a steep sales deceleration at the multinational cosmetics company.

Sales decelerated 15 percent in the four weeks ended Feb. 23, according to Jefferies analyst Stephanie Wissink. That’s in addition to a 9 percent decline over the last 12 months, the analyst added, citing Nielsen data. Revlon did not have a comment immediately available when contacted by CNBC.

This story is developing. Please check back for updates.

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