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February 3, 2004
By: TOM BRANNA
Editor
Avon Products Inc.’s earnings rose 35% in the fourth quarter, fueled by a dramatic gain in beauty sales, continued strong performance in international operations and favorable foreign exchange rates, executives said.Direct-seller Avon earned $261.3 million in the three-month period ended Dec. 31, compared to $193 million in the year-ago period. Revenues increased 14% to $2.11 billion in the fourth quarter from $1.85 billion in the year-ago period.Excluding the impact of foreign exchange, s...
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