By  on May 5, 2017

Weakness in the U.S. pushed Revlon Inc. into the red in the first quarter and spooked investors, who sent shares of the company down more than 23 percent to $19.30 by the end of trading.

For the first quarter of the year, Revlon posted net sales of $595 million, a 35 percent increase over the start of last year, but its net loss grew to $37.4 million during the quarter, compared with net income of $11 million a year ago.

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