Kering Slides, L'Oreal Gains, Volvo Car Plunges

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Kering SA shares plunged after Gucci sales fell more than expected in the third quarter, as weakness in China set back a years-long turnaround effort.
- L’Oreal gains as much as 5.8% to the highest since June 2024, after the beauty company reported adjusted like-for-like revenue for the third quarter that beat the average analyst estimate.
- Volvo Car AB’s chief executive officer said the market for Western-developed cars in China is disappearing fast, prompting the Swedish automaker to increase job cuts to some 6% of its work force.

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