Avon Beats Analysts' 3Q Estimates by a Penny - TheStreet

Avon Beats Analysts' 3Q Estimates by a Penny

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Avon

(AVP) - Get Report

reported third-quarter earnings that beat analysts' estimates by a penny, as all geographic regions generated sales and profits in line with the company's expectations.

Net income rose to $93 million, or 39 cents a share, from $88.2 million, or 34 cents a share, in the year-ago period. According to a

First Call/Thomson Financial

survey, 12 analysts were expecting the company to earn 38 cents a share for the quarter.

Third-quarter sales rose 7% to $1.34 billion from $1.25 billion a year ago. Excluding the effects of foreign currency exchange, sales rose 10% in the quarter. Avon said results from the U.S., Latin America and Asia-Pacific regions more than offset weakness in Europe, mainly related to currency issues.