NEW YORK -- Avon Products Inc. says higher revenue in Latin America and Europe helped its second-quarter net income more than double. The direct seller of beauty products says net income rose to $167.6 million, or 39 cents per share. That compares with $82.9 million, or 19 cents per share last year. Excluding costs related to the devaluation of the Venezuelan currency, net income totaled 48 cents per share. Analysts expected 45 cents per share. Revenue rose 8 percent to $2.68 billion. It...
Full Story: The News & Observer
