Brazil's Natura slides over 15% after 'weak' Q3 results

About this update from Natura Cosmeticos Sa

** Shares in Brazilian cosmetics maker Natura BMFBOVESPA:NATU3 fall after it reported third-quarter results that its own management described as "weak"** Natura posted a 119 million reais ($22.02 million) net loss in the July-September period, down from a 301 million-real net profit a year earlier** Recurring EBITDA fell 33.7% to 577 million reais in the period, while net revenue hit 5.2 billion reais** The company notes that retail demand in Brazil has been slowing down, with a revenue decline also seen in Argentina and Mexico** Analysts at Scotiabank say that any potential gains from the integration of the firm's Avon business in Mexico and Argentina will require some time to be reflected in the results** Natura CEO Joao Paulo Ferreira acknowledges the weak results in a conference call with analysts, but adds he is confident in "rebuilding the margin through pricing"** Natura's shares plunge more than 15% in midday trading, making it the worst performer on Brazil's Bovespa stock index BMFBOVESPA:IBOV, which is up 1.5%** Year-to-date, Natura is down almost 40%($1 = 5.4039 reais)

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