Avon Products Inc., the world’s largest direct seller of cosmetics, on Tuesday reported better-than-expected first-quarter profits, boosted by strong sales in China and Russia. The company earned $150 million, or 34 cents a share in the first quarter that ended March 31, compared with $56.2 million, or 12 cents. Analysts, on average, expected it to earn 28 cents a share, according to Reuters Estimates. Quarterly revenue rose 9 percent to $2.2 billion. Sales in China grew 44 ...