Avon Products (AVP) Misses Q3 EPS by 1c; Updates on Transformation Plan

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Avon Reports Third-Quarter 2016 Results

November 3, 2016 6:45 AM EDT

NEW YORK, Nov. 3, 2016 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) today reported third-quarter 2016 results. Total revenue for Avon Products, Inc. declined 2% to $1.4 billion, but increased 4% in constant dollars1. Diluted earnings per share from continuing operations of $0.07 improved $1.58 per share versus the same period last year. Adjusted diluted earnings per share from continuing operations of $0.02 improved $0.13 per share versus the same period last year. Foreign currency negatively impacted both Diluted earnings per share and Adjusted diluted earnings per share by an estimated $0.03 per share, driven by the strength of... More