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Fourth quarter results hampered by emerging market problems.
February 8, 2011
By: TOM BRANNA
Editor
Avon Products Inc.’s fourth-quarter earnings fell 15% because of service disruptions in Brazil and weakness in Russia. For the quarter, the company said it earned $229.5 million, or 53 cents a share, compared to $269.4 million, or 62 cents a share, in the year-ago period. Sales rose just 1% to $3.14 billion from $3.1 billion. On an adjusted basis, Avon said it earned 59 cents a share, versus 68 cents a share a year ago. Analysts polled by FactSet Research were looking for earni...
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