Company News, Financial News

Estée Lauder Beats The Street

But sales fall for the first time in three quarters.

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By: TOM BRANNA

Editor

How can you win, even when you lose? Temper expectations. That's just what Estée Lauder did in the fourth quarter. Net sales fell for the first time in three quarters, as results were hurt by a stronger dollar and less demand for Clinique and Estée Lauder skin care products. The company's net sales fell 7.4% to $2.52 billion, while skin care business sales fell 16% to $1.01 billion. Wall Streeters had expected sales to come in at $2.57 billion. Net income attributable to Estée Lauder f...

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