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October 18, 2002
By: TOM BRANNA
Editor
Avon Products, Inc. announced ongoing strength in sales, operating margin and earnings in the third quarter of 2002, driven by the continuing resurgence of its U.S. business and strong local currency results in all international regions, according to executives.Earnings in the quarter increased 9% in the third quarter of 2001 before unusual items in both periods. Avon said the earnings upside was due to higher-than-expected gains from foreign currency contracts in the quarter. The company’...
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