By and  on November 1, 2012

Sheri McCoy, Avon Products Inc.’s chief executive officer, faces an uphill battle.

In the third quarter, net income attributable to Avon slid 80.7 percent to $31.6 million, or 7 cents a diluted share, from $164.2 million, or 38 cents a share, from the year-ago period. Avon’s total revenue for the three-month period ended Sept. 30 declined 7.7 percent to $2.55 billion, or down 1 percent in local currency.

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