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Avon, Colgate Stick with 3Q Estimates

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By: TOM BRANNA

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Avon Products Inc. and Colgate-Palmolive today, both said they were confident with third quarter and full-year sales and earnings projections. Avon reiterated its earnings guidance for the third quarter and full year, citing continued growth in sales and profit in the U.S and strong local currency results in its international operations. The seller of cosmetics and skin care products also said it expects to take a pretax charge between $40 million and $60 million, or 10 cents to 20 cents a share...

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