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Q3 Income Jumps at Lauder

But sales lag.

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By: TOM BRANNA

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Estee Lauder's third-quarter net income rose 37% as a cost-cutting program helped offset weak sales in international markets including Southern Europe and South Korea. While earnings surprised analysts, revenue missed expectations. Still, the jump in net income gave a big boost to EL shares, as prices rose nearly 3% in midday trading to a 52-week high. Net income attributed to holders of its common shares rose to $178.8 million, or 45 cents per share, for the three months ended March 31, ...

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