Avon calling? Wall Street isn't answering the bell

  |   01 November, 2014   |   422   |   3980

The Avon Lady isn’t winning any beauty contests. at least those being voted upon by investors.



Avon AVP Products lost 9% to $9.97  Thursday, falling to its lowest level since 1996, after spooking Wall Street with a pre-Halloween earnings report Thursday that showed continued blemishes in the beauty product’s marketer’s turnaround efforts.



Avon said third-quarter revenue fell 8% to $2.1 billion, although net income came in at 21 cents per share, vs. a 1 cent loss for the year ago quarter.



Latin America, Avon’s biggest market, reported $1 billion in revenue, a 12% drop from last year. North American revenue fell 16% to $276.7 million.