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Avon Will Take 3Q Charge

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By: TOM BRANNA

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Avon Products Inc. said yesterday that special items in its third quarter related to restructuring will result in a $25.2 million after-tax charge. Avon will take a charge of $30.4 million after tax, or 12 cents a share, in line with its Sept. 3 estimate. It will also record a gain of $5.2 million after tax, or 2 cents a share, from an adjustment to a similar restructuring charge taken in the fourth quarter of 2001.The net effect of the two unusual items in the third quarter is the charge of $25...

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