Avon Reports 3rd Quarter Financial Results, Profit Of $91.4 Million

  |   01 November, 2014   |   815   |   3980

Avon Products Inc. (AVP) on Thursday reported third-quarter profit of $91.4 million.



On a per-share basis, the New York, New York-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 23 cents per share.



The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.



The direct seller of cosmetics posted revenue of $2.14 billion in the period, falling short of Street forecasts. Analysts expected $2.15 billion, according to Zacks.