Avon products are seen at a sale in New York April 18, 2009. REUTERS/Eric Thayer
Avon reports fourth-quarter loss but sells more items
Posted : Tuesday, 12 February 2013 07:20AM
(Reuters) - Avon on Tuesday reported a net quarterly loss of $162.2 million, or 37 cents per share, compared to a loss of $400,000, or nil per share a year ago, and the cosmetics direct seller said revenue fell 1 percent to $3 billion a year earlier.
But in a sign of improvement in its business, Avon said it sold 2 percent more items in the quarter, and the number of sales representatives rose 1 percent.
(Reporting by Phil Wahba; Editing by Chizu Nomiyama)
(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp