Goldman Sachs Upgrades EPS On Avon Products (AVP)

Goldman Sachs upgraded its earnings per share estimates on Avon Products AVP in a research report published today. In the report, Goldman Sachs states, "1Q11 EPS of $0.37 was $0.06 ahead of our $0.31 estimate, with upside coming from sales and gross margin. We are raising our 2011/2012/2013 EPS estimates to $2.11/$2.39/$2.69 from $1.98/$2.25/$2.59 to reflect 1Q upside and USD weakness." Avon Products' shares added 0.32% to their value in early trading to stand at $31.01.