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October 29, 2004
By: TOM BRANNA
Editor
Avon Products Inc. reported that earnings in the third quarter 2004 increased 32% to $0.37 a share,$.03 ahead of earlier guidance due to higher-than-anticipated operating profit.The company has raised its outlook for full-year 2004 by 26%, to $1.75-1.77 a share. Thisoutlook reflects the third quarter’s results, as well as potential for a lower effective fourth quartertax rate of 29-30% due to increased benefits from the company’s previously-announced tax andcash management strategies...
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