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June 10, 2005
By: TOM BRANNA
Editor
Avon Products Inc. shares fell sharply yesterday after the company announced it was no longer going to provide mid-quarter earnings forecasts. According to a company spokesperson, Avon will still provide earnings forecasts in quarterly earnings releases.Shares dropped $2.07, or 5.2 percent, to $37.93 on the New York Stock Exchange. The stock, which is approaching its 52-week low of $36.08, has slipped 2 percent so far this year.Avon said its decision to stop giving mid-quarter updates of its bus...
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