REV
Revlon 2nd-quarter profit tops expectations
Revlon, which is controlled by financier Ron Perelman and markets such products as Almay cosmetics, posted profit of $19.9 million, or 4 cents per share, compared with a loss of $11.3 million, or 2 cents per share, a year ago. Profit in the most recent quarter included a gain of $4.9 million on the sale of a facility in Mexico.
Analysts polled by Thomson Financial expected a penny per share profit.
Sales rose 8 percent to $376.4 million from $349.2 million. Excluding effects of the...