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New launches and growth in Asia provide a lift.
October 16, 2009
By: TOM BRANNA
Editor
The Estée Lauder Companies Inc. (NYSE: EL – News) today announced that as a result of better-than-anticipated net sales and cautious spending in the first fiscal quarter ended September 30, 2009, it now expects to report net earnings per share, before charges associated with restructuring activities, to be significantly higher than previous guidance. The company said that the improved net sales in the quarter reflected the strong sell-in of new product l...
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