PARIS – L’Oréal stock sank on the Paris bourse Wednesday after its third-quarter results underwhelmed the market.

At 11:50 a.m. CET, the stock was trading down 6.4 percent to 372.45 euros.

As reported, L’Oréal’s like-for-like sales growth for the three months ended Sept. 30 was 4.2 percent, which missed analysts’ consensus by 50 basis points.

“This is a notable miss in Q3 versus high expectations in the market,” David Hayes, a Jefferies equity analyst, said in a note Tuesday after the results came out.

There was also reaction to some of what was said in a conference Tuesday evening call led by Nicolas Hieronimus, L’Oréal chief executive officer.

“The L’Oréal CEO stated that it was ‘fingers crossed’ for 11:11 in China and a strong holiday season in the U.S. and Europe,” Tom Sykes, a

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