Revlon (REV) Stock Declines Despite Q1 Profit Growth
NEW YORK (TheStreet) -- Revlon (REV) - Get Report shares are sliding 0.36% to $36.05 late Friday morning even though the manufacturer of beauty and personal care products posted strong 2016 first quarter results earlier today. Year-over-year, profit and revenue increased.
Earnings for the recent period came in at 25 cents a share, higher than a penny it earned the year prior.
Revenue increased by 0.3% to $439.6 million.
Overall, results were helped by lower foreign currency headwinds and strong consumption.
Excluding the impact of foreign exchange, sales in the consumer segment increased 2.5% and rose 2.7% in the professional segment.
"We will continue to execute our value creation strategy with a strong focus on innovation, driving the company to even greater success," CEO Fabian Garcia stated.
In March, Garcia was named Revlon CEO. Previously he was the COO for global innovation and growth at Colgate-Palmolive (CL).
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B-.
The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: REV
