Avon first-quarter revenue falls 11.1 percent
(Reuters) - Avon Products Inc (AVP.N) on Thursday reported lower-than-expected fourth-quarter revenue, hurt by a drop in sales in every region and the departure of more of sales representatives.
The direct seller of beauty products reported a net loss of $168.4 million, or 38 cents per share, compared with a year-earlier loss of $13.7 million, or 3 cents per share. Adjusted net income from operations came to 12 cents a share.
Revenue fell 11.1 percent to $2.18 billion, while analysts were expecting $2.205 billion, according to Thomson Reuters
(Reporting by Phil Wahba in New York)
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- Scots spurn independence in historic vote, devolution battle begins |
- Alibaba surges 38 percent on massive demand in market debut |
- Eight bodies found after attack on Guinea Ebola education team
- French jets strike in Iraq, expanding U.S.-led campaign against Islamic State |