Analyst Has Positive Comments for Revlon and Clorox

Goldman Sachs on Friday said it narrowed its 2001 loss view for Revlon Inc., a day after the cosmetics maker said it reduced losses in the third quarter on cost-cutting efforts and plant consolidation.

Analyst Amy Low Chasen said in a research note she improved her estimate to a loss of 89 cents from a loss of $1.10 a share. No further details were immediately available from the analyst.

Revlon, which makes Revlon and Almay cosmetics, Flex shampoo and other personal care products, on Thursday said it posted a third quarter net loss of $22.9 million, or 44 cents a share, compared with a loss of $26.1 million, or 50 cents a year ago.

Ms. Chasen also raised her fiscal-year 2002 earnings estimate on consumer goods company Clorox Co., citing better fundamental trends and the elimination of goodwill amortization expense.

Ms. Chasen, who rates the shares “market outperform,” raised her fiscal year 2002 estimate on Clorox by 24 cents to $1.79 a share. Eight cents of the increase is due to better fundamentals, the analyst said, while 16 cents comes from the elimination of goodwill amortization costs.