Avon Studies $36.5 Million Loss

LONDON, United Kingdom — Avon Merchandise Inc. on Thursday reported a lack of $36.5 million in its first quarter.

The London-based corporate mentioned it had a lack of 10 cents consistent with percentage. Losses, adjusted for restructuring prices, had been 7 cents consistent with percentage.

The effects fell scale down of Wall Boulevard expectancies. The typical estimate of 4 analysts surveyed through Zacks Funding Analysis used to be breakeven on a per-share foundation.

The direct vendor of cosmetics posted earnings of $1.33 billion within the length, which met Boulevard forecasts.

The corporate’s stocks closed at $4.65. A day in the past, they had been buying and selling at $4.32.