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Avon Products quarterly sales miss estimates (VIDEO)



NEW YORK, Feb 15 —  Avon Products Inc today reported quarterly net sales that marginally missed analysts’ estimates, as fewer shoppers purchased products from the cosmetic maker’s army of sales representatives.

Net income attributable to the company rose to US$91.5 million (RM357.1 million), or 17 cents per share, in the fourth quarter ended Dec. 31, from a loss of US$10.7 million, or 4 cents per share, a year earlier.

Net sales remained flat at US$1.57 billion compared to the previous year, missing the average analysts’ estimate of US$1.60 billion, according to Thomson Reuters. — Reuters

Net Avon sales remained flat compared to the previous years. – AFP picNet Avon sales remained flat compared to the previous years. – AFP pic

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