While you were sleeping Earnings optimism

Tue, 12 Feb 2013

By Margreet Dietz Feb 13 (BusinessDesk) - Wall Street advanced amid better-than-expected earnings from companies including Avon Products as investors await fresh clues on President Barack Obama's plans to fuel the recovery of the world's largest economy in his State of the Union address tonight. Avon Products and Michael Kors Holdings were among the companies reporting better-than-expected earnings, lifting their shares 20 percent and 11 percent respectively. However, Coca-Cola's sales disappointed, sending the stock down 2.5 percent. Of th...

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