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Avon first-quarter revenue falls 11.1 percent
May 1, 2014 / 11:17 AM / in 3 years

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 Avon Products headquarters is seen in midtown Manhattan area of New York, June 21, 2013. REUTERS/Brendan McDermid

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

I/B/E/S.

Reporting by Phil Wahba in New York

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