Avon Products 2nd-quarter profit more than doubles
iWon News
Avon Products Inc. on Wednesday said second-quarter profit more than doubled as the cosmetics company recorded strong sales abroad, especially in Latin America.
The New York-based seller of beauty products said quarterly profit soared to $235.6 million, or 55 cents per share, from $112.7 million, or 26 cents per share, a year ago.
Total revenue rose 17 percent to $2.74 billion from $2.33 billion last year.
On average, analysts surveyed by Thomson Financial expected earnings of 47 cents per share on revenue of $2.6 billion. Wall Street estimates usually exclude one-time charges and gains.
Labels: Avon, Network Marketing Today News
posted by David Stone at
7/30/2008
1 Comments:
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Visit my blog
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or company's site
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