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  • Avon Profit Falls on Restructuring Costs
  • Avon Products Inc., a direct seller of beauty products, said Tuesday its fourth-quarter profit fell 30 percent on restructuring costs and other charges, but the results still beat ...
  • 2008-02-14
  • Avon Products Inc., a direct seller of beauty products, said Tuesday its fourth-quarter profit fell 30 percent on restructuring costs and other charges, but the results still beat analysts' estimates.

     

    Earnings dropped to $128.9 million, or 30 cents per share, in the last three months of 2007 compared with $184.1 million, or 41 cents per share, a year earlier.

     

    The company said that restructuring costs and charges related to simplifying its product line lowered earnings per share by 34 cents in the latest period, compared with just 13 cents in the 2006 period.

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