NEW YORK (TheStreet) -- Avon Products(AVP) - Get Report shares are under pressure, down 4.42% to $4.11 in Thursday's pre-market trading session, immediately following the cosmetics company's 2016 first quarter figures, which missed expectations and showed that its loss widened year-over-year.
The company reported a loss of 7 cents a share, while analysts had expected a profit of 2 cents a share. A year ago, the company earned 3 cents a share.
Revenue of $1.31 billion topped projections of $1.28 billion but was down from the $1.55 billion it reported the year prior.
Results were pressured by foreign currency challenges, restructuring and the deconsolidation of its Venezuela business, and weaker demand in Brazil and China.
This comes as the company is trying to turn around its struggling beauty business. In March, the company sold about 80% of its North America business to investor Cerberus Capital for around $170 million.
"We are executing against our transformation plan with speed and rigor," CEO Sheri McCoy said.
Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D.
The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: AVP