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Estee Lauder Companies Reports Strong Third Quarter

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By: TOM BRANNA

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The Estee Lauder Companies Inctoday reported net sales for the third fiscal quarter ended March 31, 2001 of $1.10 billion, a 6% increase from $1.04 billion in the prior-year period. Excluding the negative impact of foreign currency translation, net sales increased 9%, in line with the Company’s expectations.The Company reported net earnings of $65.1 million for the quarter, up 8% from $60.4 million in the same period last year. Basic earnings per common share for the quarter rose 8% to $.2...

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