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November 14, 2005
By: TOM BRANNA
Editor
Avon Products Inc., New York, raised its earnings estimates slightly, citing stronger-than-expected operating re-sults in the U.S. and Europe. Avon executives said the company now expects earnings before items of $2.31 a share for 2002, up a penny from its Oct. 18 estimate. The new estimate compares with $2.09 a share before items in 2001. Last year, items reduced reported earnings by $0.24 a share, to $1.85 a share. For the fourth quarteer, Avon anticipates earnings before items of $0.79 a sh...
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