Avon Products Inc.'s (AVP) fourth-quarter revenue could benefit from easing pressure tied to foreign-currency translation, company Chief Financial Officer Charles "Chuck" Cramb said Thursday.

"Our top line is still impacted by foreign exchange, but that pressure is starting to lift," Cramb said during an investor conference Web cast.

While foreign exchange created a drag of 11 percentage points on Avon's third-quarter revenue, resulting in a 4% revenue decline, it could provide a mid-single-digit percentage point lift to sales between the third and fourth quarters, he said.

Cramb said lower spending so far this year means Avon's capital spending is likely to range from $300 million to $325 million, compared with an earlier forecast of $325 million to $335 million.

But Avon remains on track to deliver $1.08 billion in cost savings in the 2012-2013 timeframe, he said.

Earlier Thursday, Avon said third-quarter profit fell 30% as foreign-currency exchange and restructuring related costs wiped out improvements in unit sales and supply-chain savings.

Net income fell to $156 million, or 36 cents a share, from $223 million, or 52 cents a share. Revenue fell 4% to $2.6 billion but rose 7% excluding the impact of foreign-currency exchange as units grew 5% and the company grew the number of its active representatives by 10%.

The mean estimates of analysts surveyed by Thomson Reuters were earnings of 40 cents and sales of $2.57 billion.

Shares of Avon fell 3.0% to $32 in premarket trading.

-By Mary Ellen Lloyd, Dow Jones Newswires, 704-948-9145; maryellen.lloyd@dowjones.com