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Beauty and related products maker Avon (NYSE:AVP) reports falling margins and sales. CEO Sheri McCoy blames “complex challenges” during the period, including cash generation and costs – volume sales were down 4 percent in tune with global trends, while margins declined 160 bps to 62.8 percent on a y-on-y basis. Net debt rises to $2.4 billion from $2.11 billion last year.
Comcast (NASDAQ:CMCSA) reports additions of a total of 138,000 subscribers across High-Speed Internet, Video, and Voice segments over the quarter; a 9.1 percent fall in Broadcast TV revenues negated revenue improvements in Cable and Theme Parks at unit NBCUniversal, which therefore saw overall revenues down by 0.8 percent y-on-y.
Dollar Thrifty Automotive (NYSE:DTG) saw rental days growing 4.2 percent but compensated somewhat by a 3.8 percent fall in daily revenue; monthly fleet cost per vehicle declined 13.8 percent y-on-y to $162; the company sold about 33,000 used cars during the first half of the year. Improves the prior guidance of $5.00-$5.60 EPS to $5.25 – $5.70.
US Airways (NYSE:LCC) shares details of its agreement with the pilots from American Airlines with its own pilots at a meeting today; US air pilots, though in favor of the merger with American, may be concerned about the impact on their routes and flying hours.
Public utility holding company Edison International (NYSE:EIX) disclosed that its Edison Mission unit, which is currently negotiating with bond-holders to restructure a debt of $3.7 billion, may have file for Chapter 11 bankruptcy protection in case the talks fail.
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