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AVP

Sector Update: Consumer

Consumer shares are generally flat in pre-bell trading. Avon ( AVP ) reports total revenue of $2.5 billion decreased 2% and adjusted net income from continuing operations was $127 million, or $0.29 per diluted share. Analyst expected $0.26 per share in earnings and $2.6 billion in revenue.

Also today, Avon Products declared a regular quarterly dividend on its common stock of $.06 per share, payable September 3, 2013, to shareholders of record on August 15.

And Nu Skin Enterprises, Inc. ( NUS ) today announced that its board of directors has authorized a $400 million extension to the company's existing stock repurchase authorization. NUS is up 4.6% in pre-market trade.

Finally, J. C. Penney ( JCP ) is up 7% in pre-market trade as it says that a news report which appeared yesterday is untrue and that it has been told so directly by CIT, the subject of that report. Contrary to the news report, CIT continues to factor and support deliveries from J.C. Penney suppliers, the company said.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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