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June 3, 2003
By: TOM BRANNA
Editor
Avon Products Inc., the world’s largest direct seller of cosmetics based in New York, raised its full-year profit outlook, citing the weak dollar. The New York company said it expects 2003 earnings per share could exceed its previous estimates of $2.55.For the current quarter, Avon said it expects earnings to rise in the mid-single-digit percentage range compared with the prior-year period. In the second quarter of 2002, the company earned $.64 a share.
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