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UPDATE: Avon Posts Upbeat Adjusted Earnings

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Avon Products (NYSE: AVP) reported a narrower fourth-quarter loss.

Avon posted a quarterly loss of $69.1 million, or $0.16 per share, versus a year-ago loss of $162.2 million, or $0.37 per share. On an adjusted basis, it earned $0.34 per share.

Its revenue fell 10% to $2.67 billion. However, analysts were projecting adjusted earnings of $0.30 per share on revenue of $2.76 billion.

Avon shares closed at $15.06 yesterday.

Posted-In: profitEarnings News


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