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Revlon Inc. reported a third-quarter loss from operations of $160.3 million, or $3.12 a share, in the third quarter, contrasted with an operating profit of $5.6 million, or 10 cents, a year ago, as sales dropped 18% to $452.4 million. Analysts had expected a larger loss of $3.15 a share. Revlon also warned that it will have a larger-than-expected loss in the fourth quarter as retailers cut excess inventories of its makeup and fragrances. It didn’t give a figure. Analysts expect a loss of $1.06 in the next quarter.

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