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May 1, 2006
By: TOM BRANNA
Avon Products has released Q1 2006 earnings for the period ended March 31. Beating estimates, a revenue increase of 6.5% and EPS adjustments for $0.19 per share in restructuring charges came ahead of adjusted consensus estimates. The average estimate for sales included almost $1.9 million and the first quarter for 2006 increased almost 6.5% to $2 million. The company’s net profit decreased more than 67% to $56 million and EPS was estimated at $0.08 and declined more than 66% to $0.12 from $0.36.
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