Business News: Avon Soars As Good-Looking Q4 Attracts Investors

Started by MikeLigalig.com, February 18, 2013, 01:25:33 PM

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MikeLigalig.com

February 18, 2013, 01:25:33 PM
Avon Soars As Good-Looking Q4 Attracts Investors

Investors had shunned Avon Products (AVP) recently over disappointed earnings, but the cosmetic company's better-than-expected Q4 earnings sent shares soaring 20% by midday Tuesday. Overall, the health and beauty industry has performed relatively well despite a weak global economy as consumers' continued to buy products that made them look and feel good. But Avon has been hurt by increased competition from prestige cosmetics companies like Estee

Source: Avon Soars As Good-Looking Q4 Attracts Investors
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