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March 6, 2007
By: TOM BRANNA
Editor
Estee Lauder Cos. Inc. forecast up to 12 percent annual earnings growth over the next three years as it cuts costs and expands overseas and announced a $750 million share buyback on Tuesday. “We are exploring multiple avenues for growth and (are) focused in particular on maximizing international opportunities,” Chief Executive William Lauder said at an investor meeting in New York. The company also expects annual sales growth of up to 8 percent through 2010, fueled by expa...
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