LONDON (AP) — Avon Products Inc. (AVP) on Thursday reported a second-quarter loss of $45.5 million, after reporting a profit in the same period a year earlier.
The London-based company said it had a loss of 12 cents per share. Losses, adjusted for non-recurring costs, were 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The direct seller of cosmetics posted revenue of $1.4 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $1.44 billion.
The company's shares closed at $3.36. A year ago, they were trading at $4.76.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVP at https://www.zacks.com/ap/AVP
Keywords: Avon Products, Earnings Report