Avon Products, Inc. (AVP) Declares $0.06 Quarterly Dividend; 1.6% Yield

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Go back to Avon Products, Inc. (AVP) Declares $0.06 Quarterly Dividend; 1.6% Yield

Avon Products, Inc. (AVP) Post Smaller Q1 Profit

May 1, 2014 7:10 AM EDT

Avon Products, Inc. (NYSE: AVP) reported Q1 EPS of $0.12, which may not compare to the analyst estimate of $0.21. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.2 billion.

Impacts from the Company's Move from the Official Exchange Rate to the SICAD II Foreign Exchange Rate to Remeasure its Venezuelan Business

In February 2014, the Venezuelan government announced a new foreign exchange system, SICAD II, which began operating on March 24, 2014. As the SICAD II exchange rate represents the rate which better reflects the economics of Avon Venezuela's business... More