INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Avon Products, Inc. Investors (AVP)
AVON PRODUCTS (AVP)
Last avon products earnings: 10/31 06:45 am
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US:NYSE Investor Relations:
investor.avoncompany.com
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Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces an investigation on behalf of Avon Products, Inc. (“Avon” or the “Company”) (NYSE: AVP) investors concerning the Company and its officers’ possible violations of federal securities laws. On August 3, 2017, Avon issued a press release announcing its second quarter 2017 financial results and held a conference call to discuss the results. The Company reported a net loss of $0.12 per share and a 3% decline in active representatives. Avon also reported that Brazil revenue was “down 2% in constant dollars, primarily driven by a decrease in Active Representatives.” On the call, Avon's Chief Financial Officer acknowledged that, despite Avon’s earlier representations, the remedial actions in Brazil (i.e., stricter credit terms applied to recruiting new representatives) were negatively impacting active representatives and revenue in Brazil.
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