Avon Products Inc. reported on Tuesday its fourth-quarter profit edged up from a year ago as the beauty products company struggled with restructuring costs.
The results beat analysts' forecasts, however, and Avon shares rose more than 9 percent in morning trading.
The New York-based direct seller of cosmetics and other beauty products said it earned $184.1 million, or 41 cents per share, for the three-month period ended Dec. 31 compared with $183.2 million, or 40 cents per share, in the year-ago period.
Revenues rose 9 percent to $2.62 billion from nearly $2.4 billion in the year-ago period.
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