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Avon Earnings Plunge
Posted on May 01, 2012 at 18:49 PM EDT
Avon Products Inc. (NYSE: AVP) blamed significant restructuring charges for sharply lower first quarter earnings of 6 cents per share compared with 33 cents per share in the year ago period that missed analyst expectations by a wide margin. Shares of the cosmetics company dropped $1.73 to close at $19.87.
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