(Reuters) – Avon Products Inc (AVP.N) on Thursday reported quarterly net sales that marginally missed analysts’ estimates, as fewer shoppers purchased products from the cosmetic maker’s army of sales representatives.
Net income attributable to the company rose to $91.5 million, or 17 cents per share, in the fourth quarter ended Dec. 31, from a loss of $10.7 million, or 4 cents per share, a year earlier.
Net sales remained flat at $1.57 billion compared to the previous year, missing the average analysts’ estimate of $1.60 billion, according to Thomson Reuters I/B/E/S.
Reporting by Karina Dsouza and Nivedita Balu in Bengaluru
Source : Reuters.com