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February 4, 2003
By: TOM BRANNA
Editor
Avon Products Inc., New York, NY, bolstered by strength in its U.S. and European operations, posted a 75% increase in fourth quarter earnings, beating Wall Street expectations by a penny per share. The world’s largest direct seller of beauty products also said Tuesday that it had raised its earnings projections for the year by one penny.The company earned $193 million for the three months ended Dec. 31, 2002, compared with $110.4 million in the year-ago period. The company recorded total r...
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