UPDATE: Avon Posts Q4 Loss

Avon Products

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.