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.
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Posted In: Analyst ColorEarningsAnalyst RatingsAvon ProductsConsumer StaplesGoldman SachsPersonal Products
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