Tuesday, July 31, 2007

Avon quarterly profit falls on costs

(Reuters) - The world's largest direct seller of cosmetics said net income fell to $113 million, or 26 cents a share, from $151 million, or 33 cents a share, in the year-ago period.




Income included pretax costs of about $82 million on restructuring and revamping its products. Excluding the charges, the company earned 38 cents per share, according to Reuters Estimates, missing Wall Street's forecast of 42 cents.


Read more at Reuters.com Bonds News

No comments: