Silpada Designs at the Academy Awards!
Visit www.silpada.com for more information. During Oscar's week 2011, we had a star-studded Silpada party -- Hollywood-style! Some of our ...
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Avon posts 4Q loss on charge, sales slumpAvon Products Inc. posted a fourth-quarter net loss as sales slumped, costs rose and the beauty products company marked down the value of a silver jewelry company it acquired in 2010. Shares slumped 4.5 percent in premarket trading Tuesday. Avon, which is searching for a new CEO, has struggled to improve its operations in Brazil and been hurt by the weak economy. The New York company said Tuesday that it doesn't expect its margins -- how much it keeps of revenue after costs -- to improve this year. Avon posted a loss of $400,000, break-even on a per share basis, for the three months ended Dec. 31. It earned $229.5 million, or 53 cents per share, in the prior-year period. Avon took a $263 million charge on its Silpada Designs Inc. unit, acquired in 2010, because the rising price of silver since then has hurt Silpada's margins and revenue, Avon said. Excluding that and restructuring charges, Avon said it earned 39 cents per share. Analysts polled by FactSet expected earnings of 51 cents per share.
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