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December 10, 2002
By: TOM BRANNA
Editor
Avon Products Inc., New York, has raised its earnings estimate slightly, citing stronger-than-expected operating results in the U.S. and Europe, according to a Dow Jones Business News report.The cosmetics company said it now expects earnings before items of $2.31 a share for 2002. That is up a penny a share 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 quar...
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