Tuesday, 31 July 2007

Avon 2nd-qtr profit down on restructuring, ad costs

(Reuters) - NEW YORK, July 31 - Avon Products Inc. on Tuesday reported lower second-quarter profit, hurt by restructuring and advertising costs.



Avon, the world's largest direct seller of cosmetics, said net income fell 25 percent to $113 million, or 26 cents a share, from $151 million, or 33 cents a share, in the year-ago period.


Read more at Reuters.com Market News

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