Avon Products (AVP) Misses Q1 EPS by 10c
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Avon Reports First-Quarter Results
May 5, 2016 6:45 AM EDTNEW YORK, May 5, 2016 /PRNewswire/ --Â Avon Products, Inc. (NYSE: AVP) today reported first-quarter 2016 results. Total revenue for Avon Products, Inc. declined 16% to $1.3 billion, but increased 2% in constant dollars1 and increased 3% in constant dollars when excluding the impact of the sale of Liz Earle. In addition, Adjusted Diluted Earnings per Share from Continuing Operations declined $0.10 per share versus the same period last year and included a negative currency impact of $0.13 per share, driven by the strength of the U.S. dollar against the currencies in which the Company operates.... More
