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Argentina’s Woes Won’t Hurt Avon

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By: TOM BRANNA

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Despite an estimated 5 cent per share hit from Argentina’s currency devaluation and economic crisis, global cosmetics retailer Avon Products reaffirmed Tuesday that it expects to achieve double-digit earnings growth in fiscal 2002.Avon said its expects the impact to be offset by continued strength in currencies in other markets and savings from its business restructuring.“Overall, we feel good about the state of our business, and assuming that significant currency weakness does not s...

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