Avon Sustained Double-Digit Earnings Growth Dictates 21.6% Stock Gain
This article was originally published in The Rose Sheet
Executive Summary
Fueled by strong sales in emerging markets and cost cutting business transformation initiatives, Avon has continued to sustain double-digit earnings growth, courting favor with Wall Street in the second quarter. Following a two-for-one stock split June 1, the issue closed up 21.6% at 46.14 June 30