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February 6, 2007
By: TOM BRANNA
Editor
The good news kept coming for cosmetics makers on Tuesday, and shares rose after Avon Products Inc.—direct seller of makeup and beauty-related products—reported fourth-quarter net income ahead of analysts’ estimates. Last week, both Estee Lauder Cos. and Elizabeth Arden Inc. reported fiscal second-quarter profit that beat analyst expectations. Avon Products said earnings grew to 41 cents per share from 40 cents a year ago. Analysts predicted earnings of 38 cents per share. Revenue grew...
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