2015-02-13 15:05

 

Avon fourth quarter revenue 2340000000 loss widened to 3 billion

 

CNDSN2 month 13 days [] (Tencent) February 12th Beijing time evening news, AVON announced the 2014 fiscal year fourth quarter earnings today. The report shows, AVON fourth quarter revenue of $2340000000,down 12% compared to the same period last year of $2670000000; a net loss of $330700000 for the same period last year to expand somewhat than a $69100000 net loss.

In this quarter, AVON's net loss of $330700000, the loss per share of 75 cents, this is not a performanceover the same period last year. In the previous fiscal fourth quarter net loss of AVON for $69100000, the loss per share of 16 cents. AVON says from some one-off project expenditures led to the company'searnings per share decreased by 95 cents. In addition, brought negative effect of exchange rate changes to22 cents is the company's earnings per share. Display financial information provider FactSet survey,analysts on average expected Avon fourth quarter adjusted earnings per share of 25 cents.

Avon fourth quarter revenue of $2340000000, down 12% compared to the same period last year of $2670000000, slightly lower than analysts had expected. According to the FactSet survey, analysts on average expected fourth quarter revenue of $2350000000 Avon.

Avon is expected, in fiscal year 2015, the exchange rate change will bring the negative influence of 12 percentage points to the company's revenue.

Post earnings announcement, AVON shares in the New York market pre trading up 1.1%. As of Wednesday's close of three months, AVON shares fell 19%, the underperforming the S & P 500 index, the index is up 1.5% over the same period. *

(original title: Avon fourth quarter revenue 2340000000 loss widened to 3 million)

Editor: Che Wan Wan