Avon Products reports 4th-quarter loss of $330.7 million

MarketsAssociated Press

Avon Products Inc. (AVP) on Thursday reported a loss of $330.7 million in its fourth quarter.

On a per-share basis, the New York, New York-based company said it had a loss of 75 cents. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.

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The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The direct seller of cosmetics posted revenue of $2.34 billion in the period, beating Street forecasts. Analysts expected $2.33 billion, according to Zacks.

For the year, the company reported that its loss widened to $388.6 million, or 88 cents per share. Revenue was reported as $8.85 billion.

Avon shares have declined nearly 9 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has declined 42 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on AVP at http://www.zacks.com/ap/AVP

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Keywords: Avon Products, Earnings Report