Revlon, Inc. (REV) posted first-quarter net income of $8.5 million or $0.16 per share, lower than $10.4 million or $0.20 per share reported a year ago.
Net sales dropped to $330.7 million from $333.2 million in the previous year. Excluding the unfavorable impact of foreign currency fluctuations of $4.0 million, first quarter 2012 net sales increased $1.5 million.
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