Avon Products Misses Estimates (AVP)

New York, New York-based Avon Products, Inc. AVP released financial results on Tuesday morning that missed Wall Street estimates. Avon Products, Inc announced that its 4th quarter income from continuing operations fell to $220 million, or 50 cents per share, down from $268 million, or 62 cents per share, a year earlier. The company reported adjusted income from continuing operations of 59 cents per share. Avon Products, Inc reported revenue of $3.18 billion, up 1% from $3.1 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 67 cents per share, on revenue of $3.28 billion. Avon Products, Inc. (AVP) finished the previous trading day at $29.35 per share. The consensus price target of analysts covering the company's stock is $34.25 per share. Avon Products, Inc is a leading global beauty company, with over $10 billion in annual revenue. As the world's largest direct seller, Avon markets to women in more than 100 countries through approximately 6.2 million active independent Avon Sales Representatives. Read more from Benzinga's Company news.