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Avon Expects to Report Strong Second Quarter Results

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By: TOM BRANNA

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Avon Products, Inc. said today that it expects to report strong sales and earnings growth in the second quarter of 2001, driven by accelerating momentum in its U.S. business and continuing increases in global beauty sales. Avon said that earnings for the quarter are tracking as expected, and that the company remains comfortable with the consensus estimate of $.57 per share. This would be a 10% increase versus the $.52 per share reported in last year’s second quarter.Avon also said that it ...

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