Summary
Avon Products Inc. has reaffirmed its earnings outlook for the third quarter and full- year 2004, with earnings in the third quarter 2004 expected to increase 21 percent to 34 cents per share, and full-year earnings projected to be up 24 percent to $1.72 per share.
Both forecasts provided Tuesday are consistent with the company's earlier guidance on July 28 and include the previously announced benefits from its tax and cash management strategies resulting in projected effective tax rates in the range of 31 percent, as expected, in the third quarter and full-year.See the full content of this document
Extract
Avon Shares Drop Despite Forecasts
On Wednesday, Avon shares fell $2.80, or 6.13 percent, to close at $42.86 on the New Yo...
See the full content of this document
Sponsored links
