Revlon reports smaller 1st-quarter loss

In today's headlines:

Revlon Inc. reported that it narrowed its first-quarter loss, as lower expenses offset a sales decline in the U.S. Revlon's quarterly loss shrank to $2.5 million, or break-even per share. … Analysts, on average, predicted a loss of a penny per share.

It's always good news when a company beats predictions, and the share price this week has been on the rise. I don't expect that the difference of a penny is going to send it skyward, but it's a sign that the company is headed in the right direction, faster than expected.