Thursday, Avon Products Inc. (AVP) reported third-quarter net income of $156 million or $0.36 per share, compared to $223 million or $0.52 per share in the same quarter last year.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.40 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was $2.55 billion, down 4% from $2.64 billion in the comparable quarter last year. Analysts expected the company to report revenue of $2.57 billion for the quarter.
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