NEW YORK (TheStreet) -- Shares of Avon Products (AVP - Get Report) are rising 2.16% to $4.25 in pre-market trading on Tuesday after reporting 2016 second-quarter earnings and revenue above analysts' expectations.
Before the market open, the New York City-based beauty product retailer reported adjusted earnings of 7 cents per share from continuing operations, topping analysts' projections of 2 cents per share.
Revenue fell 8% year-over-year to $1.42 billion and beat analysts' estimates of $1.41 billion.
Avon said it has identified a targeted $70 million of savings to be realized this year, with $50 million in savings from operating model changes and $20 million in savings within supply chain and sourcing.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
Avon's weaknesses include its deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: AVP
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.