UPDATE: Avon Posts Q4 Loss

Avon Products (NYSE: AVP) reported a net loss in the fourth-quarter.

Avon posted a quarterly loss of $162.2 million, or $0.37 per share, versus a year-ago loss of $400,000, or nil a share, in the year-earlier period.

Its revenue dropped 1% to $3 billion.

Avon shares closed at $17.28 yesterday.

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