Higher Cost Hurts Avon’s 4Q Result
Avon Products Inc. (NYSE:AVP) recently posted fourth-quarter 2011 adjusted earnings of 39 cents a share, missing the Zacks Consensus Estimate of 51 cents a share. Moreover, the results decreased over 51% from the year-ago earnings of 59 cents a share, primarily due to higher cost inflation coupled with increased operating expenses. On a reported basis, [...]
Avon Products Inc. (NYSE:AVP) recently posted fourth-quarter 2011 adjusted earnings of 39 cents a share, missing the Zacks Consensus Estimate of 51 cents a share. Moreover, the results decreased over 51% from the year-ago earnings of 59 cents a share, primarily due to higher cost inflation coupled with increased operating expenses. On a reported basis, including one-time items, earnings fell 100% to zero cents per share compared with earnings of 50 cents in the year-ago quarter.
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