Avon Q3 Earnings Beat Estimates, Misses on Revenues

  |   31 October, 2014   |   531   |   3980

After concluding the first half of 2014 on a dismal note, Avon Products Inc. (AVP - Analyst Report) started of the second half on a strong note wherein its bottom-line results for third-quarter 2014 not only topped the Zacks Consensus Estimate but also marked a year-over-year improvement.



The global beauty company reported adjusted earnings of 23 cents per share from continuing operations, which surpassed the Zacks Consensus Estimate of 16 cents and jumped approximately 64.3% from 14 cents posted in the year-ago quarter. The company’s bottom-line results were mainly driven by improved operating profit.



Further, on a reported basis, the company posted earnings of 21 cents per share from continuing operations contrary to the loss of a penny posted in the year-ago comparable quarter.