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Avon estimates

Executive Summary

Direct-seller on track to "meet or exceed" Wall Street earnings expectations in the second quarter, Avon announces June 26. Company predicts Q2 earnings per share will exceed consensus earnings estimate of $.63 per share, compared to $.57 per share last year. In addition, Avon reiterates its double-digit earnings growth guidance. Negative impact from Latin America will be offset by "significant gains" from its currency hedging strategies as well as strength in other currencies, Avon says...
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