The Latest Breaking News from REV

While Revlon’s (REV) bankruptcy filing has raised questions about its future prospects, the recent speculation regarding its potential acquisition by a global conglomerate has garnered significant investor attention and led its stock to skyrocket in its last trading session. So, is it worth buying the stock now? Let’s discuss.

On the eve of Juneteenth, the Tribeca Festival came to close with the Rev_ Al Sharpton documentary “Loudmouth.”

U.S. stocks pared gains midway through trading, with the Dow Jones dropping around 100 points on Friday.

Indian conglomerate company Reliance Industries is mulling acquiring cosmetics maker Revlon Inc (NYSE: REV), Reuters reported. The development comes in the wake of Revlon filing for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Revlon is facing heavy debts as it struggles to compete with brands driven by social media…

Pre-open movers U.S. stock futures traded higher in early pre-market trade after the Dow Jones dipped more than 700 in the previous session. The Federal Reserve raised interest rates by 0.75% on Wednesday.

Cosmetics brand Revlon Inc (NYSE:REV) has filed for bankruptcy under Chapter 11 after facing heavy debt. It has filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Related: Beauty Products Giant Revlon In Talks To File For Chapter 11 Bankruptcy: Report The filing will…

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While concerns over the Fed’s aggressive interest rate hikes to fight the multi-decade-high inflation has led to a sell-off, the market downturn presents an opportunity for investors to scoop up quality small-cap stocks Atlanticus Holdings Corporation (ATLC), Cognyte Software Ltd. (CGNT), and Revlon, Inc. (REV) for solid long-term returns.

Revlon (NYSE:REV) is set to give its latest quarterly earnings report on Wednesday, 2022-05-04. Here's what investors need to know before the announcement. Analysts estimate that Revlon will report an earnings per share (EPS) of $-1.65.

According to Benzinga Pro, during Q4, Revlon (NYSE:REV) earned $9.90 million, a 118.64% increase from the preceding quarter. Revlon also posted a total of $615.20 million in sales, a 18.06% increase since Q3.

Revlon Inc (NYSE:REV) reported a fourth-quarter FY21 sales decline of 1.8% year-on-year, to $615.2 million, missing the consensus of $645.60 million. Net sales from the Revlon segment grew 0.2% Y/Y, Elizabeth Arden declined 4.7%, Portfolio increased 8.2%, and Fragrances fell 8.7%. Gross profit increased 2.2% Y/Y to $374.8 million, with the margin expanding…