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Tuesday, Apr 30
More on Avon Products (AVP): The company says solid results in Latin America and Europe helped...
More on Avon Products (AVP): The company says solid results in Latin America and Europe helped the company improve margins to beat EPS estimates. On the revenue side, Avon Beauty sales fell off 5% while the personal care, color, and skincare categories all saw a slip in sales on a reported basis - but held up on a constant-dollar basis. Due to the devaluation of the Venezuelan currency, Avon took a one-time charge of $34M in other expense and $17M in income taxes. AVP +3.4% premarket. (PR)