More on Avon Products' Q3 (AVP): The company offers a frank self-assessment on its...

|About: Avon Products, Inc. (AVP)|By:, SA News Editor

More on Avon Products' Q3 (AVP): The company offers a frank self-assessment on its "disappointing" quarter that saw a sharp drop in margins and slumping sales. Though the volume of items sold rose 1%, higher expenses and foreign currency translation cut deeply into profits. An initiative to cut costs by $400M and a slashed dividend are announced. AVP -3.2% premarket. (PR)