Avon Products (AVP) Stock Down After Reporting Quarterly Results - TheStreet

NEW YORK (TheStreet) -- Shares of Avon Products (AVP) - Get Report were falling 6.8% to $10.22 Thursday despite beating analysts' estimates for earnings in the third quarter.

The beauty product company reported earnings of 23 cents a share, beating the Capital IQ Consensus Estimate of 16 cents a share by 7 cents. Revenue fell 8% year over year to $2.14 billion for the quarter, compared to analysts' estimates of $2.15 billion for the quarter.

Avon said Beauty sales declined 9% from the year-ago quarter, but increased 1% in constant dollars. Fashion & Home sales declined 11%, or 4% in constant dollars from the third quarter of 2013.

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TheStreet Ratings team rates AVON PRODUCTS as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate AVON PRODUCTS (AVP) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."

You can view the full analysis from the report here: AVP Ratings Report

AVP data by YCharts

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