Market Overview

UPDATE: Avon Posts Upbeat Adjusted Earnings

Related AVP
Mobileye NV And Avon Products, Inc. Highlight CNBC's Stock Pops & Drops From September 9
Morning Market Losers
Avon Reaches Preliminary Bribery Probe Deal (Fox Business)

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

 

Related Articles (AVP)

Around the Web, We're Loving...

Get Benzinga's Newsletters