Avon Products (AVP) Tops Q3 EPS by 3c
Avon Products (NYSE: AVP) reported Q3 EPS of $0.11, $0.03 better than the analyst estimate of $0.08. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.7 billion.
Full-Year 2015 Outlook
The Company's outlook has been updated. This current outlook now includes the Company's nine month actual results, an updated estimate for additional negative impacts from foreign currency translation and transaction costs due to the continued strengthening of the U.S. dollar, and an expected negative impact from recently enacted additional VAT taxes in Brazil. The Company's full-year outlook as compared with the prior-year results includes:
- Relatively unchanged constant-dollar revenue (which includes the negative impact of the Liz Earle divestiture);
- An approximate 19 point negative impact on reported revenue due to foreign currency translation;
- A 100 basis point decline in constant-dollar Adjusted operating margin; and
- A 300 basis point decline in Adjusted operating margin in reported dollars.
Additionally, the Company expects free cash flow to be positive, although less than the Company's previous outlook of approximately $100 million.
For earnings history and earnings-related data on Avon Products (AVP) click here.