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New skin care and makeup products will propel gains.
May 2, 2014
By: TOM BRANNA
Editor
Driven by the launch of skin care and makeup products, Estee Lauder Cos Inc raised its earnings forecast for the full year. The company, which plans to launch a new shower gel and body lotion as well as limited edition mascara and repair sets, raised its earnings forecast to $2.86-$2.90 per share from $2.80-$2.87. Analysts on average were expecting $2.87 per share. Estee Lauder also said it expects global prestige beauty, to which the company belongs, to grow about 3 to 4% in 2014. Earlier, ...
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